Banque PSA sells club deal as RCI Banque preps its own auto ABS

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Banque PSA sells club deal as RCI Banque preps its own auto ABS

Banque PSA has sold €450m of senior auto ABS bonds in a club deal, leaving other ABS investors to wait until next week to pick up French paper when RCI Banque is expected to come to market — although potentially at a much tighter spread.

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