Auto1 Group Prices New Notes Issue to Securitize Car Loan Portfolio

Auto1 Group (AG1.F) priced its third issue of notes to securitize a combined loan portfolio of 236.3 million euros. The portfolio comprises German and Austrian consumer car loans, according to a Monday release. The digital automotive platform for used cars said the issue was more than 2.8 times oversubscribed. The six-tranche notes carry a blended spread of 104.9 basis points over the one-month Euro Interbank Offered Rate.