French auto ABS issuer revs engine

PA-French Car
By Sam Kerr
02 Oct 2017

Socram Banque has begun marketing the second French auto ABS deal of 2017.

The issuer has mandated Natixis to arrange Titrisocram 2017. BNP Paribas and Société Générale are acting as joint lead managers.

Auto ABS spreads are now at the lowest levels since the crisis. Last week BMW bank printed a German auto ABS deal at 13bp over one month ...

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