AMAG boosted with Swiss auto after pandemic stutter

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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