RCI Banque the financing arm for Renault Nissan Alliance hired BNP Paribas, Societe General  and HSBC to manage a €644 million ($820M) securitization of French auto loans.

The notes will be issued from the RCI Banque's  Cars Alliance shelf, according to a DBRS presale report.  DBRS and Standard & Poor’s expect to rate  €600 million of class A notes, ‘AAA’/ ‘AAA’. The class B notes will be rated ‘AA’/ ‘A+’. The notes are due Jan. 25, 2026.

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