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HDFC Bank is preparing a Rp2bn ($45m) securitisation of car loans and hire purchase contracts.
The single tranche of five year notes has a national scale rating of AAA from Fitch and a AAA rating from Crisil. It is supported by credit enhancement of 4.52%, cumulative scheduled excess spread of 2.6%, and a 1.1% liquidity facility.
The portfolio comprises...





