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Porsche Bank dodges residual risk with Austrian auto ABS

By Tom Brown
16 Jun 2021

Volkswagen-owned Porsche Bank is selling a rare few Austrian auto ABS deal. Sources say FACT 2021-1 may be able to price in line with recent French and Spanish auto transactions, but investors will demand a premium for its lack of ECB repo eligibility.

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By Tom Brown
16 Jun 2021