FGA Capital, an Italian captive auto finance company, plans to issue €500 million ($685 million) in securities backed by performing fixed-rate Italian auto loans,according to a DBRS presale report.

The company was established in December 2006 as a joint venture between Fiat Auto S.p.A., later renamed Fiat Group Automobiles S.p.A. and Sofinco S.A., part of the Credit Agricole Group.

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