Citi Closes First Middle East Sukuk Auto Deal
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 ...Already a subscriber? Login