E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/8/2023 in the Prospect News Liability Management Daily.

Red & Black will early redeem asset-backed notes due 2028 in full

Chicago, Nov. 8 – Red & Black Auto Germany 6 UG will be early redeeming a portfolio of asset-backed notes in full on the Nov. 15 payment date, according to a notice.

The payment is conditional on the issuer receiving the repurchase price for the portfolio from Bank Deutsches Kraftfahrzeuggewerbe GmbH.

The €930 million class A notes (ISIN: XS2057072394), €40 million class B notes (ISIN: XS2057072634), €15 million class C notes (ISIN: XS2057073368), €10 million class D notes (ISIN: XS2057073442) and €5 million class E notes (ISIN: XS2057073871) are all part of the redemption.

The issuer is based in Frankfurt.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.