CA Consumer Finance preps third Ginkgo consumer ABS

Crédit Agricole Consumer Finance will price its third Ginkgo French consumer loan securitization in as many years on Friday, after releasing price guidance that was comfortably wider than its closest comparable, Carrefour Banque’s recent credit card securitization.

  • By Joseph McDevitt
  • 06 Dec 2013

The originator is only offering the €576.2m triple-A rated class ‘A’ tranche to investors. Arranger and sole lead Crédit Agricole put out initial price thoughts of one month Euribor plus 75bp area on Wednesday and opened books the following day with guidance at the same spread level.

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%