Peugeot plans 1.0 bln euro car loan backed bond

Newswire

LONDON, Jan 29 (Reuters) - French automaker PSA Peugeot Citroen plans to sell a one billion euro bond backed by car loans early in February, a source close to the deal said on Thursday. ABN AMRO and Deutsche Bank are joint lead managers for the asset-backed security sale via special purpose vehicle Auto ABS. All the loans are German and originated by Peugeot's financing unit. "There will be no roadshows and price talk may be available next week," the source said. The initial structure ...

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