Today 09/26/2016 - 05:35:18 PM
Peugeot SA 13.225€
CAC 40 4,407.85 PTS
Banque PSA Finance, wholly-owned by Peugeot S.A., successfully placed € 460 million senior Class A Notes of the securitisation transaction Auto ABS FCT Compartiment 2012-1 in July 2012. These notes are rated AAAsf by Fitch and AAA(sf) by S&P, with an estimated weighted average life of 3.18 years. The spread is 110 basis points above 1-month Euribor.
For this transaction on the secondary market, Deutsche Bank and Natixis acted as lead managers and book-holders.
Since the 2008 crisis, this issue is the first French auto transaction including the residual value of vehicles.
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.