AMAG boosted with Swiss auto after pandemic stutter

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By Tom Brown
25 Mar 2021

AMAG is back in the market with the latest auto transaction from its Swiss Car ABS shelf after postponing a deal in April 2020 when the pandemic had effectively closed many capital markets.

The Sfr200m Swiss Car ABS 2021-1 saw its three-year senior notes pricing on Thursday at 0.5%, the tight end of initial 0.5%-0.625% talk. This equates to a mid-swap spread of 111.5bp.

If the notes are not redeemed at the optional redemption date, they begin to amortise on each monthly ...

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