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 Citi 3,779 12 18.72
2 Morgan Stanley 2,420 6 11.99
3 Goldman Sachs 2,096 5 10.39
4 BNP Paribas 2,058 7 10.20
5 Barclays 1,565 4 7.75

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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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%