ALD rides 'pretty good day' to raise €1bn of three year funding

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ALD rides 'pretty good day' to raise €1bn of three year funding

New cars parked in luxury showroom. Car dealership office. Car parked in showroom with care. Car for sale and rent business. Automobile leasing market. Electric vehicle. EV car dealer agent company.

◆ Leasing company returns at the three year part of curve a month after issuing €1.5bn in fours and sevens ◆ New deal adds more supply to frequently tapped short end of the curve ◆ Pays about 5bp-10bp NIP but prices tighter than recent three and four year notes

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