Fiat, the Italian automotive group, has started marketing its jumbo €950m ($818m) asset-backed (ABS) bond issue secured on performing car loans.

It is Fiat's second car loan securitisation in 12 months. Euro Capital Structures (ECS), a joint venture between Fiat and UBM, the investment banking division of UniCredito Italiano, arranged both auto loan securitisations.

Robert Galbraith

UniCredito Italiano

Fiat

BNP Paribas

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Fiat kicks off jumbo ABS deal

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