Post by AUTO1 Group

We have successfully priced our third issuance of rated ABS notes in the public market: FinanceHero 3 🚀 📈 We securitised EUR 236.3 million in German and Austrian consumer car loans originated by Autohero 🆕 For the first time, we introduced a six-tranche capital structure and vertical risk retention, achieving a blended spread of 104.9bps over 1-month Euribor and expected ratings of up to 'AAA' on the senior tranche “FinanceHero 3 is an important milestone for AUTO1 Group: with three public ABS transactions completed in two years, we have established ourselves as a frequent issuer in the European securitisation market. The transition to vertical risk retention reflects our evolution as a mature programme and our commitment to building a highly capital-efficient funding structure. Together with our expanded six-tranche structure and 2.8 times oversubscription, this transaction underlines the strength of Autohero's captive finance business as a key strategic pillar of AUTO1 Group's growth — providing accessible and competitive financing to car buyers across Germany and Austria," shares Philip Reicherstorfer, Group Treasurer at AUTO1 Group Read the full release here: https://lnkd.in/eTA-YBcT #AUTO1Group #Autohero #ABS