Bemo Securitization SAL (BSEC) said its closed Rymco Drive 1, Rasamny Younis Motor Co.’s (RYMCO) first revolving auto ABS, and the first term securitization established under Lebanese asset securitization law 705/2005.

The transaction is a $13.144 million auto loan securitization with a revolving feature that can ensure a financing up to $40 Million to RYMCO, the exclusive distributor in Lebanon of Nissan, Infiniti and GMC brands and the franchise operator of the Infiniti brand in London, UK.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.