BMW announces eighth auto loan ABS

By Asad Ali
17 Apr 2018

BMW Bank announced its eighth securitization of German auto loans on Tuesday, backed by an €800m static portfolio and co-led by bookrunners Commerzbank and Skandinaviska Enskilda Banken.

The deal is similar to the last three transactions from the German auto maker, with the initial size of €800m expected to increase by around 25% to cater for demand. Seasoning of collateral in the deals has been gently sliding since 2016, and the current deal is roughly ...

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