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 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 90,620.08 256 11.16%
2 Bank of America Merrill Lynch 77,768.99 216 9.58%
3 JPMorgan 68,302.06 194 8.41%
4 Wells Fargo Securities 67,736.13 189 8.34%
5 Credit Suisse 54,172.98 137 6.67%