Banque PSA’s AUTO ABS FCT Compartiment 2010-1 priced this week. The securitization's €500 million ($683 million) triple-A rated tranche priced within guidance levels at 135 basis points over the one-month Euribor.

The oversubscribed order book included 15 high-quality accounts from seven countries, with strong support from core ABS buyers in Germany, the Netherlands and France. Bank investors were the dominant account type.

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.