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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

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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