Demand drives Mercedes deal to new post-crisis tight

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By Sam Kerr
21 Jun 2017

Mercedes-Benz Bank priced its latest auto ABS offering this week, Silver Arrow 8, with the deal notching yet another record for post-crisis spreads.

The deal was 2.4 times oversubscribed, with triple-A spreads at 15bp over Euribor, beating the record tight set by Santander Consumer Bank last week. Silver Arrow 8 was structured by LBBW and Crédit Agricole.

The demand for the deal is in line with recent offerings across European ...

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