Trio of auto ABS deals race to the finish line

BMW Race Car
By Tom Brown
06 Nov 2019

Three auto ABS issuers are set to price new deals in the coming week, with euro transactions reverting back to coupons of 70bp to compensate for fluctuating Euribor rates.

BMW Bank has mandated Santander and UniCredit, with Commerzbank and SEB as co-managers, for its latest Bavarian Sky deal, Compartment German Auto Loans 9. 

The deal offers a single tranche with a weighted average life of 1.65 years and a floating rate coupon of 70bp over one month Euribor. ...

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