Hyundai and CredAg-CF go for private placements
A pair of private placements kept supply ticking over in the primary securitization market this week. Hyundai Capital UK sold its first ever securitization of UK car loans, while Crédit Agricole’s consumer finance arm in the Netherlands sold a rare Dutch consumer loan ABS.
Hyundai Capital UK, the auto finance provider for Hyundai and Kia dealers in the UK, sold the £300m of bonds through lead manager Royal Bank of Scotland. The unrated securities have a 3.3 year maturity and were priced at 40bp over one month Libor.It is the ...
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