Rand MB brings R1.2bn auto deal for BMW

28 Mar 2008

Rand Merchant Bank (RMB) is marketing a R1.2bn ($150m) securitisation of car loans and leases from BMW Financial Services (South Africa).

Auto Series Investments Ltd is backed by 7,188 contracts, of which 92% (6,704) are loans and 8% are leases, with an average loan to value ratio of 64.67% ...

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