Fidis plans 728 mln euro auto loan backed bond


LONDON, May 19 (Reuters) - Fidis Retail Italia SpA plans to issue a 728 million euro bond backed by Italian auto loan receivables at the beginning of June, the banks managing the sale said on Wednesday. ABN AMRO and UBM will manage the sale of the bonds, to be issued via special purpose vehicle Asset Backed European Securitisation Transaction Srl (A-BEST). The loans were originated by Fidis' wholly owned subsidiary SAVA SpA. The issue will consist of three tranches of rated notes and one ...

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