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 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%