No quick Ginkgo return from Créd Ag
Crédit Agricole Consumer Finance ensured a familiar start to the year for French ABS this week after deciding to retain all €750m ($848.41m) of notes in its latest consumer loan-backed transaction, Ginkgo Personal Loans 2015-1.
Of the €27bn of ABS distributed to investors by European issuers in 2014, French asset-backed trades contributes just €2.5bn, according to data from JP Morgan.Crédit Agricole Consumer Finance priced its last Ginkgo consumer receivables securitization, its fourth in as many years, in October, amid a welcome and ...
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