Banque PSA prepping dealer floorplan debut

24 Apr 2013

Peugeot Citroën’s auto finance unit Banque PSA Finance is preparing to come to market with its first public dealer floorplan securitisation, known as Auto ABS DFP Master Compartment France 2013.

The trade, which is being managed and arranged by Société Générale, consists of a €550m senior class ‘A’ tranche, a €228.4m class ‘B’ series and €29.8m class ‘S’ notes.

The deal is a revolving cash securitisation of dealer floorplan invoice receivables originated in France by Banque PSA subsidiary Société ...

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