Santander opens books for German auto ABS

Santander Consumer Bank AG opened books for its SC Germany 2013-2 car loan securitization on Wednesday morning, with price thoughts on the senior tranche notably wider than on other recent German auto issues.

  • By Joseph McDevitt
  • 10 Jul 2013

The €549m 1.68-year average life class ‘A’ notes have initial price thoughts in the low 50s over one month Euribor. The 4.04 year ‘B’ tranche, of €51m, will be retained by the issuer.

Santander, HSBC, Natixis and UniCredit are joint lead managers. Santander is sole arranger. The deal ...

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2 Rabobank 14.41
3 Morgan Stanley 11.73
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