VW Goes Private With €550 Mln Driver Deal

German-based Volkswagen is tapping the private market with its latest auto asset-backed securitization, the benchmark €550 million ($698 million) Private Driver 2010-1.

  • 26 Aug 2010

-- Daniel O’Leary

German-based Volkswagen is tapping the private market with its latest auto asset-backed securitization, the benchmark €550 million ($698 million) Private Driver 2010-1, according to a market official.

The fixed-rate deal was shown to an investor Monday and has already been presold, the official said. “Because its ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%