European auto ABS market revs up with E-Carat 10 deal

autobahn
By Tom Brown
09 Sep 2019

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 ...

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