The Auto Halla Automotive dealer announced on Friday, February 21, 2023, that he successfully roles the 1st roles of the “FT Auto Mobility” securitized fund Group showed, successfully closed. This first subsequent program of the program focused on a total of 440 million DH with a spread of 65 basis points. This process makes it possible to bundle the profit made by the fund with better financial profitability in favor of the Auto Hall and to strengthen access to customer financing by the various brands marketed by the group, emphasizes the Auto Hall.
The new program was structured in two bond tribes: the 1,419.7 million DH, which was dedicated to qualified investors as Moroccan law and the 2nd for a total of 19.67 million, which corresponds to the share subscribed exclusively by Auto Hall.
“Overcoming the upper limit of the program, the trust of the securitation fund is again stated, which has shown exemplary behavior since the start of the program in June 2023”underlines the group in a press release.
As a reminder, this securitized fund is an essential pillar of the “One Stop Shop” strategy, which the Auto Hall Group and its partners started in 2020, according to their vehicles. Thanks to the implementation of this strategy, the group of mobility services such as long -term rent and the recovery of used vehicles has developed and innovatively enriched its 2024 offer with the introduction of car insurance products, which offer its customers unique advantages.
FT Auto Mobility, in cooperation with SOFAC and his subsidiary, which specializes in structured financing -Sofac Structured Finance (SSF) Hall Auto Group.
EMG
