BEMO Securitization (BSEC) said it has launched a $15.7 million securitization investment fund for automobile distributor T. Gargour & Fils (TGF).
The fund, named TGF Star II SIF, has issued two classes of notes against its purchases of auto loans extended by TGF to its customers. Senior class 'A' notes that have a total amount of $13.35 million and a maturity of 3.75 years have been placed with local banks and an investment fund. One subordinated class 'B' note, valued at $2.35 million,...
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The fund, named TGF Star II SIF, has issued two classes of notes against its purchases of auto loans extended by TGF to its customers. Senior class 'A' notes that have a total amount of $13.35 million and a maturity of 3.75 years have been placed with local banks and an investment fund. One subordinated class 'B' note, valued at $2.35 million,...
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