Germany’s Bank11 fr Privatkunden und Handel GmbH (Bank11) is securitizing €550 million in auto-loan backed securities in a series of two classes of notes through its Revocar ABS platform.

Standard & Poor’s has assigned an ‘AAA’ structured-finance rating on the Class A notes of Revocar 2016 UG, totaling €467.5 million and carrying a 0.37% interest rate. The unrated Class B notes total $82.5 million, with a 2.20% interest rate.

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.