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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.
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