Auto issuers hit the gas, buckle up for trade war

A pair of auto ABS deals from Ford Motor Company and OneMain Financial are about to hit the market as President Donald Trump’s trade policy threatens a bumpy ride ahead for US car manufacturers.

  • By Fotios Tsarouhis
  • 13 Jul 2018

Ford is issuing a three-tranche securitization comprising a $750m class 'A' tranche, class 'B' and 'C' tranches which are $30.9m each.

Citi is acting as lead structuring agent and joint bookrunner on the deal, 2018-REV2, will be backed by a revolving pool of new and used automobile contracts ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%