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BNP Paribas Personal Finance priced the French auto loan trade Autonoria 2012-2 Monday lunchtime, with the EUR445.2 million ($566.2 million) senior bond pricing at one-month EURIBOR plus 52 basis points.
The book on the 2.38-year class A slice opened Monday morning and was 1.5 times oversubscribed at pricing. Price talk had earlier been in the 55 bps neighborhood, with guidance revised Monday morning...