The German auto ABS sector is beginning to see some signs of life. A second auto deal announced this week come on the heels of the well received Volkswagen deal, which also priced this week.
The new deal dubbed A -BEST 5, is issued by FGA Capital, a joint venture between Fiat Group and Credit Agricole CA. The structured will offer investors €627 million ($798 million) of triple-A rated notes. The closing is slated for the end of September.