Auto loans issue with CCIRS

Dr P Singh
Dec 21, 2016
1 min read

Major Japanese car loan provider has issued $ floating rate Notes backed ultimately by fixed rate Yen auto loans. In between there are Yen bonds and Yen asset-backed loans (ABLs) providing security for the $ Notes so the deal includes a CCIRS and is more complicated than usual for an auto loan issue. Pre-sale here

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