Banque PSA revs up for new German auto lease deal

Peugeot Citroën’s auto lending unit Banque PSA will hit the road next week with joint leads HSBC and JP Morgan. It is marketing a German auto lease asset-backed security, known as FCT Compartiment 2013-1.

  • 19 Apr 2013

The two-tranche capital structure is topped by a 2.7 year €361.2m class ‘A’ tranche, rated triple-A by Moody’s and Fitch, which will be offered publicly. The €116.4m class ‘B’ series will be retained by the issuer.

Investor meeting will be held in London, Germany and the Netherlands on Wednesday ...

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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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%