Peugeot and Premium Finance bring UK ABS
PSA Finance UK, the captive finance arm of Peugeot Citroën in the UK, has just priced its first securitization of UK car loans at 42bp over one month Libor. The deal has been sized at £315m.
The spread is about in the middle of the initial price thoughts, which were low to mid 40s.
The deal is the latest in a series of debuts by UK car finance banks, after deals from Daimler in September and BMW in October.
Santander, the arranger, and other
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