RCI Banque meets expectatations with price thoughts

21 Oct 2012

Leads on RCI Banque’s latest auto ABS have started testing investor interest at initial price thoughts of 55bp/60bp over one month Euribor.

Crédit Agricole, Natixis and Société Générale began taking indications of interest for the trade at around 1:30pm CET and will open books on the two year €500m ‘A’ tranche on Tuesday morning. RCI Banque will retain the €78m ‘B’ tranche in FCT Cars Alliance Auto Loans France V ...

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