AMAG pulls Swiss franc ABS after boosting bank debt

Zurich west end with Mobimo tower under construction from Adobe 24Feb20 575x375
By Owen Sanderson, Tom Brown
15 Apr 2020

AMAG Leasing, a regular issuer in the small Swiss franc ABS market, pulled its planned Swiss Car ABS 2020-1 deal on Tuesday after investors declined to support the deal at a level the company found attractive. It had recently renewed its bank facility, and is also a regular issuer in the unsecured Swiss franc bond market.

“After evaluating investor input on the potential Swiss franc-denominated auto-lease ABS offering, AMAG Leasing has decided to pursue other financing options as the feedback on the transaction parameters did not meet its expectations," the firm's investor relations department said.

"Having increased the volume of the standing credit facility with ...

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