Ally plans fixed-rate UK auto ABS amid more certain future

Ally Financial is planning to include a short dated fixed rate tranche in its new UK-backed auto ABS, E-CARAT. The deal comes a week after General Motors agreed a $4.2bn takeover of Ally Financial’s European, Latin American and Chinese business operations.

  • 29 Nov 2012

The takeover negotiations dictated the timing of the deal, though the favourable spread environment also helped convince the borrower to come to market, a lead on the deal said.

Ally Financial, formerly General Motors Acceptance Corporation (GMAC), has hired Lloyds, RBC and RBS as joint leads for the ...

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2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
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