Mercedes leads faster and larger auto issuance
Auto ABS issuance is coming in larger volumes and at a faster pace than expected, with a deal by Mercedes-Benz leading a pack of issuers targeting investors with fresh pockets at the start of the new year.
Mercedes was first out of the gate with an auto lease securitization on Monday. Market demand for the deal was higher than expected, leading Mercedes to increase its planned issuance from $1.396bn to $2.014bn.BMW launched an auto lease deal of its own just after Mercedes came ...
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