Auto ABS surge sees Santander, Aldermore announcements

Fineland_AdobeStock_575x375_25Sep20
By Tom Brown
25 Sep 2020

Auto ABS origination volumes are surging in Europe as spreads retreat to present a clear window of issuance, prompting deal announcements from subsidiaries of both Santander and Aldermore Group.

SCF Finland, Santander’s Finnish subsidiary, has announced Kimi 9 STS Finnish auto ABS, the latest deal from the bank’s Rahoituspalvelut programme.

Three trances make up the €650m deal, all on offer, including a senior tranche with a weighted average life (WAL) of 2.12 years and a credit ...

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