Deals of the Year 2024: Inaugural auto ABS prospers despite difficult conditions
Back
Finance Ireland, one of Ireland’s largest non-bank lenders, undertook its inaugural auto ABS transaction through Auto Receivables No.1 DAC. Despite difficult conditions, this largest ever Irish auto loan securitisation proved highly successful.
The €250 million transaction involved the securitisation of a portfolio of auto HP and PCP contracts originated by Finance Ireland. It was the largest ever in the Irish auto loan market and was designed to qualify as an STS securitisation.

Although this was the company’s inaugural auto ABS Finance Ireland was already a well-established presence in the securitisation markets via its RMBS & CMBS offerings. The portfolio comprised a static, amortising an....

 

To continue, please log in


 
 
 
Forgot your password?
 
The Latest Issue
September 2024 Issue of Finance Dublin

Order a subscription to Finance Dublin

For details on pricing options and subscription benefits please click here.

Take out a subscription - I would like to take out a subscription, enabling me to gain immediate access to the site and this month's edition.

Without your explicit permission FinanceDublin.com will never share any of your information (including your e-mail address). Your information is collected in accordance with our Privacy Policy.

If you have any questions, please contact us.

This article appeared in the May 2024 edition.