VW Auto Lease ABS Makes Strong Start

Both tranches in Volkswagen’s German auto lease securitization, VCL 17, are already comfortably covered only a few hours after leads put out formal guidance and opened books on Wednesday morning.

  • 20 Feb 2013

Both tranches in Volkswagen’s German auto lease securitization, VCL 17, are already comfortably covered only a few hours after leads put out formal guidance and opened books on Wednesday morning.

Joint leads Commerzbank, SEB and VW Bank went out with price guidance of one month EURIBOR plus 25 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,064.23 34 12.73%
2 Barclays 7,915.37 23 10.01%
3 Bank of America Merrill Lynch 7,473.95 24 9.45%
4 JPMorgan 7,314.30 26 9.25%
5 Wells Fargo Securities 6,258.35 24 7.92%