UNITED STATES

摘要

Ford Credit priced the first fully-compliant ABS bond last week (see Top News). The prime auto deal, called FORDO 2017-A, saw strong buyside demand. The A-3 Triple A tranche priced on the tighter side of guidance range at S+15bp. BNP, Bradesco, Citigroup, Goldman Sachs and Societe Generale were bookrunners. Other deals included Citibank Credit Card Insurance Trust, which priced a US$2.5bn Triple A two-part offering, called CCCIT 2017-A1/A2, via sole lead Citigroup. The A2 fixed tranche priced at EDSF+21bp.