ABN Closes Russian Bank’s First True Sale ABS

ABN Amro has closed the first true sale securitization for Russia’s Consumer Finance Company (CFC) and CFC Bank, both subsidiaries of Meridian Capital.

  • 22 Jun 2007

—Hugh Leask

ABN Amro has closed the first true sale securitization for Russia’s Consumer Finance Company (CFC) and CFC Bank, both subsidiaries of Meridian Capital. The $200 million transaction, issued from a Luxembourg-based SPV, was backed by both auto loan asset-backed securities, and instalment sale agreements located in Russia. ...

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