Renault rises to ABS occasion
Renault’s captive lender RCI Banque has launched a securitisation of its German auto loan book, following a deal from Banque PSA (part of Peugeot) last week and the relaunch of SC Germany (from Santander) on Monday morning.
Lead managers Crédit Agricole and HSBC hit the screens on Monday afternoon, offering at least 600m of senior notes from Cars Alliance Auto Loan Germany 2011-1, with average life of 1.4 years and 13.7% credit enhancement.
Like Peugeots deal, Renaults has a revolving period but the deal is
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