SocGen Closes €2.6 Bln Consumer Loan ABS

Société Générale has closed a €2.6 billion ($3.2 billion) securitization of consumer loans in France.

  • 24 Oct 2008

--Cristina Pittelli

Société Générale has closed a €2.6 billion ($3.2 billion) securitization of consumer loans in France. The notes were originated by SocGen’s consumer lending business, Sogefinancement. Moody’s Investors Service has rated the deal, called FCT Red & Black Consumer 2008-1, Aaa.

The deal has a revolving period of three years ...

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1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

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