Swedish Auto ABS Deal Pre-placed

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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  


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