Peugeot 1.5bln euro car loan bond likely on Friday

Newswire

LONDON, June 28 (Reuters) - French automaker Peugeot is likely to launch a 1.5 billion euro bond secured on its customers' repayments of their car loans on Friday, a source close to the deal said on Friday. The bond will launch on Monday at the very latest, the source said. The two-tranche deal will be sold through the Auto ABS Compartiment 2002-1 funding vehicle. The loans backing the deal were originated by Peugeot's financing units, Banque PSA Finance and Credipar, and advanced to ...

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