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 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 348.35 2 14.57%
2 SG Corporate & Investment Banking 297.67 1 12.45%
2 Citi 297.67 1 12.45%
4 RBC Capital Markets 251.51 1 10.52%
4 MUFG 251.51 1 10.52%