Euro Volatility Spooks Investors From Santander Auto ABS

Volatility in the European financial markets this morning has forced Santander Consumer Bank to shelve its latest EUR 600 million ($839 million) German auto securitization, SC Germany Auto 2011.

  • 12 Jul 2011

Volatility in the European financial markets this morning has forced Santander Consumer Bank to shelve its latest EUR 600 million ($839 million)German auto securitization, SC Germany Auto 2011.

Natixis, WestLB and Santander syndication officials took the decision this morning after spreads on Italian credit default swaps gapped out ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%