GMAC gets auto ABS rolling with VW next in line

By Joseph McDevitt
24 Jan 2014

GMAC Bank got a solid response from investors this week for the first auto ABS deal of the year. Meanwhile, Volkswagen is set to keep auto ABS supply distinctly German after it mandated for a new VCL transaction.

GMAC Bank finished a three day roadshow for E-Carat 6 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 ...

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