Investors Snap Up Porsche’s First Auto ABS

Investors have taken a shine to the Porsche brand, quickly snapping up today the German auto maker’s first asset-backed securities deal, a $518 million auto loan-backed deal called Porsche Financial Auto Securitization Trust 2011-1, according to syndication officials.

  • 15 Jun 2011

-- Daniel O’Leary

Investors have taken a shine to the Porsche brand, quickly snapping up today the German auto maker’s first asset-backed securities deal, a $518 million auto loan-backed deal called Porsche Financial Auto Securitization Trust 2011-1, according to syndication officials.

“The investors really took to the Porsche brand ...

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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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4 Mizuho 1,358.38 4 6.82%
5 SG Corporate & Investment Banking 1,292.64 1 6.49%