Porsche Financial Services adds EVs in prime ABS deal
Captive included the credits in an $892 million deal
Porsche Financial Services issued its first prime auto asset-backed securitization deal of the year, including electric vehicles for the first time in a prime loan transaction. Atlanta-based Porsche Financial Services (PFS), a subsidiary of German luxury automaker Porsche, issued an $891.9 million deal backed by prime auto loans Dec. 4, according to Finsight, which monitors […]
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