Citi Closes First Middle East Sukuk Auto Deal

10 Aug 2010

Citigroup closed the Middle East’s first auto loan securitization today, placing the JPY19 billion ($221 million) Emirates NBD Execute First Auto Loan Securitization with investors.

-- Daniel O’Leary

Citigroup closed the Middle East’s first auto loan securitization today, placing the JPY19 billion ($221 million) Emirates NBD Execute First Auto Loan Securitization with investors. The single tranche deal, backed by a revolving portfolio of auto loan receivables, is the Middle East’s first true-sale securitization of ...

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