Three German auto loan ABS boost STS supply

RCI Banque has announced Cars Alliance Auto Loans Germany V 2019-1, an €810m German auto loan securitization arranged by Credit Agricole and HSBC. Leads circulated initial price thoughts on Monday with the 2.8 year class 'A' notes guided at high to mid 20bp, and the 4.8 year class 'B' in the mid 70s.