Santander Consumer Bank (SCB) is marketing an auto loan ABS worth €630 million ($915 million).

The transaction called SC Germany Auto 2011-1 UG will include Class A notes worth €573 million and Class B notes worth €27 million with a final maturity of July 2021 and a subordinated loan worth €30 million. It is a repeat transaction similar in structure to previous deals from the same trust. SCB is the deal's seller and servicer.

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