Close Brothers keeps up steady flow of UK auto ABS

Hot on the heels of PSA’s UK auto lease ABS last week, Close Brothers announced Orbita Funding 2017-1 on Monday as the steady stream of UK auto ABS shows no sign of diminishing.

  • By Bill Thornhill
  • 13 Nov 2017
The new UK auto lease transaction follows last week’s Auto ABS 2017-UK1 from PSA Finance where £315m of triple-A rated two year notes were priced at 42bp over one month Libor. A week earlier BMW had issued £400m triple-A rated 1.8 year Bavarian Sky notes at 37bp and ...

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