Bank treasury interest on the up for Turbo Finance

Books for FirstRand Bank’s UK auto loan ABS, Turbo Finance 3, went subject on Tuesday morning after attracting a higher proportion of orders from bank treasuries than for its deal earlier this year.

  • 13 Nov 2012
Leads are set to price the deal in line with guidance of 60bp over one month Libor for the £273.4m of 1.07 year ‘A’ notes on Tuesday afternoon. The £27.8m Aa3/A+ rated ‘B’ tranche is set to be priced at the tight end of guidance of 140bp—150bp over. ...

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GlobalCapital European securitization league table

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%