Banque PSA Finance issued on December 13th 2012 ABS bonds backed by auto loans

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13/12/2012 | Paris

The Fonds Commun de Titrisation (FCT) Auto ABS French Loans Master issued 266.5 M€ of Class A notes rated AAAsf by Fitch and Aaa(sf) by Moody's. The Class A is divided into Series ranking pari passu, with expected maturity from 1 to 12 months, bearing fixed interest rate capped to 4%, maximum amount of which is up to 2 billion euros. At Closing the FCT issued 3 Class A Series respectively with expected maturity of 1, 4 and 5 months, and amounts of 36.5 M€, 100 M€ and 130 M€. The revolving period is 30-month long.

This transaction is the 15th transaction completed by Banque PSA Finance, the 4th in 2012, and the 5th backed by auto loans originated by Crédipar.

This retained transaction, structured to be European Central Bank eligible, is part of Banque PSA Finance' strategy to optimize its securitization program to increase its contribution in its funding share, and to support the sales development of PSA Peugeot Citroën Group.


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Banque PSA Finance issued on December 13th 2012 ABS bonds backed by auto loans (171 Ko)
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