Today 09/28/2016 - 12:12:52 PM
Peugeot SA 13.470€
CAC 40 4,429.91 PTS
Fondo de Titulizacion de Activos Auto ABS 2012-3 issued 668 M€ of class A notes rated AA-(sf) Fitch and AA (low) (sf) by DBRS with a fixed rate of 3.25% and a weighted average life of 2.11 years including a one year revolving period. 'AA-sf'/Negative is the maximum achievable Fitch rating for structured finance transactions in Spain.
This transaction is the 14th securitization completed by Banque PSA Finance and the second one on its spanish assets.
This transaction is part of the Banque PSA Finance strategy to ensure a broad diversification of its funding sources and an increase of its funding share made under its securitization program in order to support the development of the sales of the Group PSA Peugeot Citroën.