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Globaldrive Auto Receivables 2015-A €543.5 million securitisation

28/5/2015
Asset Backed Securities (ABS), Securitisation
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€ 543.5 million

$ 603.601 million

Completed

28/5/2015

Overview:

  • The Globaldrive Auto Receivables 2015-A securitisation is backed by auto loans originated by Ford Credit Europe.
  • FCE is the finance arm of Ford Motor Company.
  • Globaldrive issued three classes of notes: €500 million of class A notes, €16.3 million of class B notes, and €27.2 million class C notes.
  • The deal is part of the wider Ford Globaldrive ABS programme.
  • Barclays, Deutsche Bank, HSBC and Lloyds Banking Group acted as joint arrangers and joint lead managers.

Sam Duke - Editor

Jurisdictions:

Germany
Netherlands
United Kingdom

Deal types:

Asset Backed Securities (ABS)
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sectors:

Consumer goods and services
Financial services
Automotive

Firms:
Hogan Lovells

Party: Ford Credit Europe (Originator)

Loyens & Loeff

Party: Deutsche Bank AG Na ON (Arranger, Joint lead manager)

Party: HSBC (Arranger, Joint lead manager)

Party: Lloyds Banking Group (Arranger, Joint lead manager)

Mayer Brown

Party: Barclays (Arranger, Joint lead manager)

Party: Deutsche Bank AG Na ON (Arranger, Joint lead manager)

Party: HSBC (Arranger, Joint lead manager)

Party: Lloyds Banking Group (Arranger, Joint lead manager)

Lawyers: Andreas Lange, David O'Connor, Kirsten Schürmann

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