Swedish Auto ABS Deal Pre-placed
Santander Consumer Bank pre-placed its Svensk Autofinans 1— the first Swedish securitization of 2012.
According to a Standard & Poor's report, pricing on the deal was scheduled for Thursday, with the SEK3.9 billion ($5.92mn) senior tranche was talked at 95bp over the one month Stibor.
Fitch Ratings assigned the deal a 'AAA' rating. The securitization is backed by Swedish auto loan receivables originated by the Swedish branch of Norwegian Santander Consumer Bank AS