Fidis sets terms on 280 mln stg UK auto bond -lead

Newswire

LONDON, Jan 25 (Reuters) - Italian car financing company Fidis Retail Italia has set the terms of a 280 million pound ($501.1 million) UK auto loan securitisation, lead manager HVB said on Wednesday. The Fidis group was majority owned by Fiat until the Italian conglomerate sold 51 percent of Fidis to banks in 2003 to cut debt. The loans providing the repayment to bond holders were originated by Fidis Retail's wholly owned UK subsidiary Fiat Auto Financial Services Ltd, HVB said. The ...

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