Socram Banque surprises at tight end as Italian and German autos line up
Socram Banque’s French auto ABS Titrisocram Compartment 2011-1 closed with a coupon of 90bp over one month Euribor, 5bp inside initial guidance of 95bp-100bp. Books were three times oversubscribed. BNP Paribas and Natixis were leads.
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