Ford’s ABS increased as investors shrug off market noise

Following on from PSA Bank’s well received car loan securitization, which was priced inside price talk on Wednesday, pricing for Ford’s GlobalDrive Auto Receivables 2018-A on Thursday points to rosier investor sentiment towards euro ABS deals in the near term, reversing the lacklustre demand just before summer.

  • By Asad Ali
  • 12 Oct 2018

Banca Imi, Commerzbank, Lloyds Bank and Société Générale were lead managers on the deal, which comprised 100% fixed rate loans, mainly for new cars.

In a week when stock markets sold off on Wednesday, with the S&P 500 and Dow Jones Industrial Average down by 3%, euro ABS investors ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%