Consumer ABS boosted by granular Agos Ducato book

By Tom Porter
19 Jun 2014

Italian consumer ABS issuers were given further encouragement to return to the primary market this week as Agos Ducato drew 36 investors into the book for the country’s first new public benchmark deal of that type since the financial crisis.

Agos Ducato, a 61%-39% joint venture between Crédit Agricole and Banco Popolare, priced €800m of 1.23 year ‘Class A’ bonds at 97bp area over three month Euribor on Wednesday through lead managers Crédit Agricole and Royal Bank of Scotland, retaining a €303m 3.83 year B tranche and a ...

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