Demands revs up for Mercedes sterling auto ABS

Mercedes’ Silver Arrow UK 2018-1 auto ABS deal has managed to secure over £750m of orders so far, with books still open ahead of pricing expected on Thursday. Solid demand has allowed price guidance to tighten from initial talk.

  • By Asad Ali
  • 12 Sep 2018

In September last year, Mercedes raised £400m at 35bp over Libor at a time when the market was giving a warm reception to new deals.

But investor demand for euro ABS has since waned slightly and the market will be closely eyeing final levels. Pricing on Silver Arrow ...

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