Santander’s German auto ABS shrugs off Cyprus worries

Leads opened books for Santander Consumer Bank Germany’s latest auto loan ABS offering against a difficult market backdrop on Monday morning, but the market chaos resulting from Cyprus’s decision to impose a levy on bank deposits did not stop accounts from firming up indications of interest made at the end of last week.

  • 18 Mar 2013

Joint lead managers Credit Agricole, JP Morgan and Santander GBM went out with guidance of one month Euribor plus 38bp-40bp for the €549m class ‘A’ tranche of SCGA 2013-1.

This level was set on the back of a strong show of interest at the end of last week, ...

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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 20.70
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 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.55%
2 JPMorgan 32,938.92 93 9.34%
3 Wells Fargo Securities 30,371.96 86 8.61%
4 Bank of America Merrill Lynch 27,582.56 87 7.82%
5 Credit Suisse 22,692.50 70 6.44%