Turbo Issuer Hails ABS Strategy As Deal Prices Tight

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Turbo Issuer Hails ABS Strategy As Deal Prices Tight

FirstRand Bank’s U.K. subsidiary MotoNovo Finance sees potential for securitization to play a greater role in financing its U.K. autos portfolio, following the surge in demand for its Turbo Finance 2 deal, which priced at the tight end of guidance this week.

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