RCI mandates for new French ABS

By Owen Sanderson
24 Sep 2014

Renault financing arm RCI Banque has mandated for another trade from its Cars Alliance shelf. The new deal features a €600m class A and a €44m class B, and is backed by 146,520 French auto loans.

BNP Paribas and Société Générale CIB are joint arrangers while they are joined by HSBC to lead manage the deal.

The €600m senior notes, with 2.28 WAL and 12.5% credit enhancement, are fully offered while the €44m 3.95 year class B with 6% credit enhancement is listed with ...

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