Banque PSA Finance placed in the secondary market € 411.8m ABS notes backed
by Italian auto loans
PARIS -- January 25, 2013
Banque PSA Finance, wholly-owned by Peugeot S.A. (Paris:UG), successfully
placed in the secondary market a notional of € 411.8 million senior Class A
Notes of the securitisation transaction Auto ABS 2012-2 S.r.l issued in
November 2012. These notes are rated AAsf by Fitch and AA(sf) by S&P, with an
estimated weighted average life of 1.28 years. The notes, which carry a fixed
rate coupon of 2.8%, were placed at an equivalent spread of 150 basis points
above 1-month Euribor.
This issue is the second Italian auto transaction of Banque PSA Finance and
the first one placed at fixed rate.
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
through securitization programs.
For this transaction, Société Générale and UniCredit Bank acted as
co-arrangers and co-bookrunners.
PSA Peugeot Citroën - 75 avenue de la Grande Armée - 75116 Paris
Banque PSA Finance
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