Hispamer, the consumer financing arm of Banco Santander Centro Hispano, is preparing a E1 billion securitization of German auto loans, says Eduardo San Martin, managing director of treasury and finance in Madrid. The deal, dubbed Santander Consumer Finance Germany, will hit the market in June or July, he says. Lehman Brothers and WestLB have been tapped as lead managers.
Separately, Hispamer is planning another securitization of Spanish consumer assets for the fall. That deal will be in the E500 million range, says San Martin. Lead managers have not yet been selected, he adds. Hispamer priced its first auto loan deal last year, which was E900 million. The firm has announced plans to securitize at least E3 billion in assets each year (BW, 12/9).
