CS stokes Swiss interest with auto securitisation first
The first Swiss ABS deal since the crisis and the country’s first ever auto securitisation emerged this week as Credit Suisse priced GE Money’s auto lease issue on Monday. The deal’s rarity value has stoked investor interest in a market that even before its closure was restricted to a smattering of RMBS deals and CLOs.
"The marketing for the deal positioned the notes as a rare opportunity to buy a Swiss triple A asset, as there is a shortage of such assets in Switzerland," said Dominique Kunz, head of Swiss DCM at Credit Suisse.
The issuer carried out a four day roadshow in
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.