Macquarie Leasing demonstrates US appetite for rare Australian auto lease securitisations

Macquarie Leasing priced the first Australian asset-backed securitisation of the year last week, after making only its second ever approach to US investors. But high costs and complex regulation could prevent other issuers following Macquarie into the US market.

  • 17 Mar 2011
Macquarie increased its deal from A$561.3m ($557m) to A$841.9m to meet demand from 26 investors, including 18 new investors that did not buy the bank’s previous US deal. The bank closed the transaction on March 10. But despite the evident popularity of Australian ABS in the US, other ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,427.74 298 10.96%
2 Bank of America Merrill Lynch 86,347.40 249 9.06%
3 JPMorgan 80,990.39 237 8.50%
4 Wells Fargo Securities 77,934.65 225 8.18%
5 Credit Suisse 63,570.21 165 6.67%