BMW announces eighth auto loan ABS

PA-BMW
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial