Banque PSA revs up for new German auto lease deal

18 Apr 2013

Peugeot Citroën’s auto lending unit Banque PSA will hit the road next week with joint leads HSBC and JP Morgan. It is marketing a German auto lease asset-backed security, known as FCT Compartiment 2013-1.

The two-tranche capital structure is topped by a 2.7 year €361.2m class ‘A’ tranche, rated triple-A by Moody’s and Fitch, which will be offered publicly. The €116.4m class ‘B’ series will be retained by the issuer.

Investor meeting will be held in London, Germany and the Netherlands on Wednesday ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial