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.