GC Asia
European auto ABS market revs up with E-Carat 10 deal
Opel Bank, a subsidiary of French automaker Groupe PSA, is mandating BNP Paribas as arranger for its E-Carat 10 auto deal, alongside UniCredit Bank AG as joint lead manager for the class ‘A’ notes.
The deal is backed entirely by German auto loans, and is set to qualify for the ‘simple, transparent and standardised’ (STS) regulatory framework. It will be a full capital stack transaction offering senior through junior tranches to investors.
Opel originally belonged to a parent of the General ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
