Buyers shrug off Brexit, pile into latest GMAC UK auto deal

By Sam Kerr
31 Mar 2017

GMAC UK, the UK subsidiary of GM Financial, priced its latest auto loan ABS transaction to high levels of investor demand, as buyers shrugged off any lingering concern around the triggering of Article 50 earlier this week.

The £420m E-Carat 8 was priced on March 30, one day after Prime Minister Theresa May triggered Article 50, notifying the European Union of the UK’s intention to leave the bloc.

The deal also came after after the news that GMAC’s parent, GM Financial, was selling its OPEL ...

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