Securitization of 821.6 million euros guaranteed by German car loans

Mobilize Financial Services Group has announced that it has structured a securitization guaranteed by automotive financing originating from its German branch.

FCT Cars Alliance Auto Loans Germany V 2024-1 issued €800 million of senior notes and €21.6 million of subordinated notes. The rating agencies These securities have a DBRS rating and Moody’s have assigned the following ratings respectively: AAA(sf) / Aaa(sf) and AA(sf) / Aa2(sf)

The Senior tranche has a coupon equal to the 1 month Euribor + 52bps. The subordinated securities, with a weighted average life of 4.64 years, have a coupon equal to the 1 month Euribor + 90bps.

The operation confirms the diversification of the financing sources to which the company has access.

Roberto Sergio

Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.