Peugeot to launch 1.5 bln euro car loan-backed bond

Newswire

LONDON, June 24 (Reuters) - French automaker Peugeot plans to launch a 1.5 billion euro bond secured on its customers' repayments of their car loans by the end of next week, a source close to the deal said on Monday. The two-tranche bond 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 Spanish and French customers. The deal breaks down into a ...

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