Mercedes-Benz brings scarcity value to revved up auto mart
Mercedes-Benz Bank has mandated banks for its first euro denominated auto ABS transaction of the year, with securitization bankers expecting the issuer’s scarcity value relative to other German credits to help drive it towards the tight end of the market. The deal is expected to lead precede a raft of European auto ABS to be announced in the coming days.
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