FCT Ginkgo Sales Finance has issued a EUR 681.3 Million of French Consumer loan ABS.

Moody's Investors Service assigned a provisional rating of 'Aaa' to the EUR646.9mn, Class A asset-backed floating-rate notes due October 18, 2037. The rating agency assigned a provisional rating of 'Aa1' to the EUR34.4mn,  Class B floating-rate notes.

An unrated tranche of EUR180.1mn of subordinated notes are also expected to be issued as part of the transaction.

The transaction is backed by approximately EUR 861.3mn of loans granted for the acquisition of consumer goods and services (new and used vehicle loans,
home equipment loans and recreational vehicles loans).

 

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