Issuers Scope Japanese Appetite As VW Prices ABS

Issuers in the U.K. and Europe now sounding out Japanese demand for future deals after Volkswagen Financial Services’ Driver Japan One auto loan securitization closed 3.5 times oversubscribed.

  • 26 Jan 2012

Issuers in the U.K. and Europe now sounding out Japanese demand for future deals after Volkswagen Financial Services’ Driver Japan One auto loan securitization closed 3.5 times oversubscribed.

VW Financial Services priced the JPY25 billion ($322.2 billion) at Japanese midswaps plus 31 basis points late last week. The ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 120,318.45 348 12.81%
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3 Wells Fargo Securities 88,516.28 265 9.42%
4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%