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GC Asia
FGA Bank readies German auto ABS
FGA Bank Germany, a joint venture between Crédit Agricole and Fiat, is preparing a Eu655m securitisation of auto loans.
Crédit Agricole and Banca IMI will roadshow Asset Backed European Securitisation Transaction Five (A-Best 5) next week.
On offer are Eu627m of 1.24 year average life notes, rated AAAsf/AAAsf. They are supported by 10.3% subordination and excess spread of 2.3%.
The notes are backed by 101,524 loans to 97,487 ...Already a subscriber? Login
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Latest news from FIG
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Bank SLBs: the answer is staring you in the face
15 Apr 2021 -
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Rabobank EUR750m 3.1% PNC Dec 28 AT1
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