No single-As from SCF but mezz on table

By Tom Porter
23 Oct 2014

Santander Consumer Bank’s Finnish arm decided against selling its first ever single-A rated Class C bonds this week, but the issuer joined Ford in the primary market during a week of cautious secondary trading.

Santander Consumer Finance Oy had explored the possibility of placing a €7m 3.52 year A2/-/A+ rated ‘Class C’ tranche in the fixed rate Kimi 3 Finnish auto ABS, but in the end decided to retain those notes when the deal was priced on Tuesday morning.

“There is a greater appetite ...

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