AUTO1 Group Successfully Prices Second Consumer Car Loan ABS

On September 19, 2025, AUTO1 Group SE announced the successful pricing of FinanceHero 2, its second consumer car loan asset-backed securitisation (ABS). The dual-country portfolio comprised German and Austrian car loans valued at EUR 249 million. This transaction included five note classes, with a subscription rate of 3.6 times, achieving a blended spread of 87 basis points over the one-month Euribor.

The FinanceHero 2 features "AAA" rated senior notes and a "Simple, transparent and standardised" verification, setting it apart as an innovative financial product. Citi and BNP Paribas acted as underwriters, with Linklaters and Hogan Lovells providing advisory services.

Markus Boser, CFO of AUTO1 Group, regarded this as a milestone for becoming a frequent issuer in the ABS market. The transaction not only underscored innovation but also provided efficient refinancing avenues.