Santander Puts Wraps On Balance Sheet Auto ABS
Santander Consumer Bank Germany is closing a €1 billion ($1.5 billion) asset-backed securities deal of German auto loans known as SC Germany Auto 08-1 Limited.
--Cristina Pittelli
Santander Consumer Bank Germany is closing a €1 billion ($1.5 billion) asset-backed securities deal of German auto loans known as SC Germany Auto 08-1 Limited. Santander will hold onto the deal because of unstable market conditions.
“It was a hard decision to recommend that Santander retain the deal,” said Robert Seehaver, associate ...Already a subscriber? Login