Today 09/30/2016 - 05:35:16 PM
Peugeot SA 13.595€
CAC 40 4,448.26 PTS
Banque PSA Finance has priced a new securitization transaction
Banque PSA Finance, the PSA Peugeot Citroën automotive group’s financing arm, has just finalized the placement and pricing of a securitization deal together with Fortis and Société Générale.
The object of this transaction is the securitization of auto loan contracts originated by its branch in Germany for €1 billion. It meets the refinancing policy of Banque PSA Finance, which has secured a continuous access to the securitization market since 2001.
The success of this transaction, in today’s highly selective capital market, demonstrates the quality of Banque PSA Finance’s assets and the solidity of the structure offered to investors by Fortis and Société Générale.