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SPL completes Thai auto loans ABS

Siam Panich Leasing (SPL), the Thai consumer finance company, last week completed its debut THB5 billion ($128.7 million) auto loans ABS. Standard Chartered and Siam Commercial Bank were joint arrangers on the offering, which was backed by a THB6.6 billion pool of hire purchase agreements, equivalent to 24.4% overcollateralization...

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