GMAC Upsizes Latest Deal Amid Strong Demand

GMAC’s recent securitization of retail auto loans, Capital Auto Receivables Asset Trust 2008-2, was increased on its way to market on the back of heavy investor demand.

  • 14 May 2008

-- Leo Shvartsman

GMAC’s recent securitization of retail auto loans, Capital Auto Receivables Asset Trust 2008-2, was increased on its way to market on the back of heavy investor demand. Initially sized at $1.3 billion, the deal grew to about $1.58 billion, according to one syndicate official. Bank of ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

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1 Citi 69,085.90 230 10.56%
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3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%