BMW revisits South African auto ABS

By Tom Porter
04 Aug 2014

BMW Finance is set to return to the South African auto loan securitization shelf it set up with Standard Bank in 2011 after having a dual tranche transaction rated by Moody’s.

The German carmaker’s lending arm will sell R1bn (€70m) of securities across two tranches issued through its SuperDrive Investments shelf.

The deal comprises an A1-rated R250m ‘Class A5’ note and a R750m A1-rated ‘Class A6’ note, both due August 2024.

Classes A1 to A4 have been issued previously ...

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