European autos in demand

May 06, 2009 12:00 am

The corporate bond market rally continued this week with strong transactions from European auto finance firms RCI Banque and VW International Finance that shrugged off negative headlines from the US. The French firm attracted a book of Eu6.5bn for its Eu750m three year deal priced at a yield of 8.25% which today tightened by 70bp. Meanwhile, the books on the dual tranche transaction from Shell grew to over Eu10bn this morning. To find out how this and all the deals in the market this week performed, read EuroWeek on Friday.

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