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07/11/2013 | Paris

The Fonds Commun de Titrisation AUTO ABS2 FCT Compartiment 2013-A issued senior notes for 522 M€, rated Aaa(sf) by Moody's and AAA(sf) by DBRS and mezzanine notes for 51,5 M€, rated A2(sf) by Moody's and A(sf) by DBRS. These bonds have variable rates.

The Senior notes have a weighted average period of 3 years, the Mezzanine notes of 3,45 years. The structure includes a two year revolving period.

This is the first transaction for Banque PSA Finance operated in the auto ABS market and backed by French operating lease receivables for private commercial companies.

This retained transaction is structured to be eligible to the European Central Bank. It is part of Banque PSA Finance strategy and contributes to optimize its securitization program, as well as to development of group PSA Peugeot Citroën sales.

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