ABS returns as CNH prices first deal of the year

Australia’s structured finance market took another step forward this week as CNH Capital Australia priced a A$350m ($324m) securitisation that included private sector investment in a subordinated tranche.

  • 08 Apr 2010

The deal is a securitisation of equipment lease receivables for CNH Capital, a subsidiary of agricultural equipment manufacturer Case New Holland. Arranged by ANZ, it is the first Australian ABS deal of the year.

"It’s a further step for the ABS market in Australia," said a structured finance banker ...

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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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3 Wells Fargo Securities 88,516.28 265 9.42%
4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%