(Reporting by Akriti Sharma in Bengaluru; Editing by Sandra
Maler and Sherry Jacob-Phillips)
(Adds details from report)
March 15 (Reuters) - Santander Consumer USA on Wednesday
postponed the sale of bonds worth $942 million that are backed
by subprime auto loans as the deepening Credit Suisse Group AG crisis added to turmoil in debt markets, Bloomberg News
reported on Wednesday.
The $942 million sale, led by Citigroup Inc , was part
of a larger asset-backed securities (ABS) deal valued at $1.3
billion, where Santander Consumer was retaining some of the
securities, the report said.
The underwriters informed investors that the deal would
be postponed due to "market volatility", and the issuer would
consider revisiting the trade at a later time, the report added.
Santander declined to comment when contacted by Reuters.
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