RCI Banque and Créd Ag to lift French ABS off the floor

By Tom Porter
25 Sep 2014

Renault’s financing arm RCI Banque and Crédit Agricole’s consumer finance division will be roadshowing new deals next week, to the delight of French flow ABS buyers that have had just €927m of RMBS to go at so far this year.

France is not typically a large contributor to the European market — it produced €2.3bn of ABS last year compared to over €15bn from the Netherlands and Germany — but this year supply has been restricted to a total of €1.34bn including €410m of CMBS, according to JP ...

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