FCA Bank adds to euro ABS pipeline with German auto deal

Fiat Parking
By Asad Ali
20 Nov 2018

FCA Bank has announced its 16th car loan ABS transaction from the ABEST platform, adding to the brisk pace of European securitization issuance being seen in November.

The bank, a specialist car finance and leasing company with a book of €26bn at June 2018, is a joint venture between Fiat Chrysler Automobiles and Crédit Agricole, with a long term partnership agreement until 2022.

Bank of America Merrill Lynch, Crédit Agricole and LBBW are the arrangers ...

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