Socram Banque priced its French auto ABS called TitriSocram 2011-1, which was managed by BNP Paribas and Natixis.

The offering priced its €409.5 million, triple-A rated Class A notes at a of yield 90 basis points over the one-month euro interbank offered rate, according to a Bloomberg report. The securitiztaion is the first public ABS for Socram since 2005, according to the report.

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