Second Nokkie outing as Santander seeks repo funding
Santander Consumer Bank Norway has issued a Nkr5.77bn (€728m) auto ABS, hot on the heels of last week’s SC Germany 2011-2 deal. It is the second securitisation of the year from Santander Consumer Bank’s Norwegian subsidiary.
Joint leads Citi and Santander GBM preplaced the class A with a Santander Consumer affiliate, but the issuer will also raise third party funding through entering into a financing operation with a non-affiliated third party which is expected to close later this month.
The deal structure is a Nkr4.77bn
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