Banque PSA Finance, the PSA Peugeot Citroen automotive group’s financing arm, has just finalized the placement and pricing of a securitization deal together with Fortis and Societe Generale.

The object of this transaction is the securitization of auto loan contracts originated by its branch in Germany for €1 billion. It meets the refinancing policy of Banque PSA Finance, which has secured a continuous access to the securitization market since 2001.

The success of this transaction, in today’s highly selective capital market, demonstrates the quality of Banque PSA Finance’s assets and the solidity of the structure offered to investors by Fortis and Societe Generale.

In 2007, PSA Peugeot Citroen increased vehicle sales by 3.8% to 3,233,000 units. This figure reflects the Group's strong performance in international markets (+11.1%), particularly in its priority regions (China, Mercosur, Russia), where sales rose by 16.1%. The Group consolidated its European leadership in the LCV market and also in the environmental arena, with sales of one million vehicles emitting less than 140g of CO2/km.

Courtesy: PSA Peugeot Citroen, France

Add a comment

Posted by Naresh Koshti on 21 July, 2008 9:56:43 AM IST #