Ford Credit Europe next in line with auto securitization

Ford Credit Europe Bank has joined the list of auto finance providers tapping the European securitization market, after it announced a deal from its German Globaldrive shelf.

  • By Joseph McDevitt
  • 13 Nov 2013
Globaldrive Auto Receivables 2013-A will offer investors bonds from two tranches: the €500.4m triple-A rated ‘A’ tranche, which has 8.73% credit enhancement and 2.02 weighted average life, and the €16.3m double-A rated ‘B’ tranche, which has 5.73% credit enhancement and 3.74 year WAL. Both tranches will be priced ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,881.49 152 10.95%
2 JPMorgan 40,615.47 114 9.29%
3 Wells Fargo Securities 37,061.63 106 8.48%
4 Bank of America Merrill Lynch 32,097.67 104 7.34%
5 Credit Suisse 28,257.94 85 6.46%