Aussie auto ABS debut prepped

Category: ABS CLOs Risk Management

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Sector developments and company hires

Aussie auto debut prepped

The first public term securitisation backed by collateral originated by Mercedes-Benz Financial Services Australia is marketing. The A$580m transaction is to be issued by Perpetual Corporate Trust as trustee of Silver Arrow Australia 2019-1 and is backed by a pool of commercial and consumer loan contracts backed by new and used motor vehicles, trucks and buses.

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