Credipar plans French auto securitisation -leads

Newswire

LONDON, June 28 (Reuters) - Credipar, a French subsidiary of Banque PSA Finance, plans to sell a 1.25 billion euro ($1.57 billion) French auto lease securitisation, lead managers BNP Paribas and HSBC said on Wednesday. Credipar said on its website that it finances car sales in France for Peugeot and Citroen . The leads said the deal is backed by a portfolio of French auto leases to individuals and small businesses for new cars. The initial structure for the euro denominated deal is ...

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