Auto issuers bring $5bn in new paper as 2019 gets underway

Auto ABS issuers are moving nearly $5bn in new deals through the pipeline to kick of the new year, with GM Financial pricing the first deal of 2019.

  • By Jennifer Kang
  • 11 Jan 2019
GM’s $1.2bn GMCAR 2019-1 was first out of the gate this week. The $228m senior class ‘A-1’ tranche was sold at par with a coupon of 2.74%, while the $440m class ‘A-2’ notes were priced at 25bps over euro dollar spot forward. The deal is backed by a ...

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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%