BMW prices rare Swiss Bavarian Sky auto ABS

BMW priced a rare Swiss auto lease receivables asset-backed deal from its Bavarian Sky platform on Monday morning — the first ever public auto securitisation from Switzerland.

  • 03 May 2013
UBS and Credit Suisse were joint lead managers on the fixed rate deal, known as Bavarian Sky Europe SA Compartment 1 Switzerland. The class ‘A’ Sfr220.5m ($234.7m) tranche was priced with a mid-swaps plus 17bp spread and a fixed rate coupon of 0.313%. The class ‘A’ tranche is ...

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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 50,762.12 164 10.68%
2 JPMorgan 43,849.74 130 9.22%
3 Wells Fargo Securities 37,970.87 112 7.99%
4 Bank of America Merrill Lynch 36,015.87 117 7.58%
5 Credit Suisse 30,953.64 97 6.51%