RCI Banque brings first public French auto lease ABS

French_Cars_AdobeStock_575x375_23Sep20
By Tom Brown
23 Sep 2020

A subsidiary of RCI Banque has mandated Crédit Agricole and Société Générale for a €1.04bn auto ABS, the first public auto lease deal from the issuer.

BNP Paribas is joining the bank trio as joint lead manager on the deal, called Cars Alliance Auto Leases France V 2020-1.

RCI bank has brought a number of European deals, pricing auto loans rather than auto lease deals. Germany has the largest auto lease market and ...

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