Ally creates Irish SPE, ups risk profile for latest deal

By Sasha Padbidri
14 Nov 2017

Ally Bank has created an Irish special purpose entity (SPE) for a new prime auto from a new loan shelf titled Juniper Receivables DAC, which is backed by loans with longer terms and higher risk collateral.

The single-tranche $530m deal, which is being led by Citi, has been assigned preliminary ratings of Baa3 by Moody’s.

The loans come from the same prime loan portfolio backing Ally’s other ABS shelf, Ally Auto Receivables Trust (AART), though the loans in the Juniper deal have a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.