New Pool, Less Enhancement On AmeriCredit Auto ABS

AmeriCredit's recent $1.2 billion offering of automobile receivables-backed securities required less credit enhancement than its previous deal.

  • 26 Jan 2007
AmeriCredit's recent $1.2 billion offering of automobile receivables-backed securities required less credit enhancement than its previous deal. The deal was issued through AmeriCredit Automobile Receivables Trust in four classes of notes. Average coupon on the notes was 5.2%, said Susan Sheffield, senior v.p. and head of structured finance ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,786.28 373 11.20%
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3 JPMorgan 100,935.67 292 8.78%
4 Wells Fargo Securities 91,306.23 262 7.94%
5 Credit Suisse 75,962.58 202 6.61%