GMAC Bank set for tighter pricing for German auto ABS

By Joseph McDevitt
23 Jan 2014

GMAC Bank will price the first European ABS deal of the year by the end of this week, after leads on its German auto loan ABS, E-Carat 6, put out initial price thoughts (IPTs) on Thursday morning.

The German originator finished a three day roadshow in London on Wednesday, after meetings in the Netherlands on Monday and Paris and London on Tuesday.  

Lead managers Crédit Agricole, Citi and Deutsche Bank released initial price thoughts of one month Euribor plus 40bp/low40s for the €400m of ...

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