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 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 128,786.28 373 11.27%
2 Bank of America Merrill Lynch 100,918.70 292 8.83%
3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%