AMAG pulls Swiss franc ABS after boosting bank debt

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AMAG pulls Swiss franc ABS after boosting bank debt

Zurich west end with Mobimo tower under construction from Adobe 24Feb20 575x375
Panoramic view of the Westend of Zürich city with the construction site Mobimo Tower | GMC Gerd Mueller/gmcphotopress - stock.adobe.com

AMAG Leasing, a regular issuer in the small Swiss franc ABS market, pulled its planned Swiss Car ABS 2020-1 deal on Tuesday after investors declined to support the deal at a level the company found attractive. It had recently renewed its bank facility, and is also a regular issuer in the unsecured Swiss franc bond market.

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