BUMPER BE AUTO ABS PRICES MULTI TRANCHE EUR FLOATING RATE SYNDICATED MUSSEL MARKET BOND.
Post Date: 14 October 2021
Bumper BE Auto ABS has priced a multi tranche syndicated EUR denominated Mussel market bond. A Mussel bond is an EUR-denominated bond issued by a Belgian entity in the Belgian Domestic Bond market. The Asset Backed Securities - Vehicle Finance industry sector consists of Non-Bank Structured Finance Vehicle entities that collateralise a variety of vehicle loans packaging it together to create one securitized assets. Collateralisation is the process of buying assets which are financed by asset backed securities, bonds or debt instruments backed by the value of those assets. This is different from securities that are linked to a credit, a commodity, an equity or a foreign exchange or baskets and or hybrids thereof. These instruments are not classified at the entity level but at the instrument level by their Category.