UK auto ABS issuers cautiously eye return to market

UK auto ABS deals are being privately placed while the market waits for liquidity provided by central banks or other markets to return before attempting to market deals publicly.
Mercedes-Benz, via its AMAG Leasing subsidiary, privately placed an auto ABS deal from its Silver Arrow shelf with a bank balance sheet. The deal had a public rating and was structured to be compliant with the ‘simple, transparent and standardised’ (STS) regulatory framework.
According to an issuer spokesperson, ...Already a subscriber? Login