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Carro Establishes Inaugural SGD450 Million Asset-Backed Securitisation Warehouse Facility

Source: PR Newswire

Credit & Bond MarketsTransportation & LogisticsRegulation & Legislation

The article describes Singapore’s first automotive loan receivables asset-backed securitisation, a novel ABS backed largely by automotive loans linked to Certificates of Entitlement (COEs). It says the structure uses an MAS-approved, bankruptcy-remote vehicle; the excerpt provides no deal size, pricing, or investor response.

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