Autos to open year for Europe but issuers wary ahead of ECB

By Tom Porter
15 Jan 2015

Auto ABS will provide two of the first clutch of European ABS deals of 2015 after mandates this week from Volkswagen Bank and Santander Consumer UK. But bankers say the pipeline remains patchy for this month as issuers see no need to hurry ahead of an anticipated launch of sovereign bond buying from the European Central Bank next week.

Volkswagen Bank has named leads for what will likely be the first European ABS print of 2015 next week. Bankers anticipate seeing only one or two more deals in January but they are preparing for a busy February and March.

Volkswagen this week hired Citi and Lloyds to ...

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