A joint venture involving the captive finance arm of French automaker PSA Peugeot Citro'n and Santander Consumer UK is issuing its first UK auto financing securitization since gaining regulatory approval for operations there.

Auto ABS UK Loans PLC is a two-class notes structure totaling £1.31 billion, featuring floating- and fixed-rate notes backed by receivables of contract sales and personal contract purchase (or leases) of new and used vehicles sold through UK Peugeot and Citro'n dealers.

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