A-Best 24 (2025 Re-finance): 24 October 2025
On 26 July 2024 (the Previous Issue Date) the Issuer issued Class A Floating Rate Notes due August 2039, Class B Floating Rate Notes due August 2039, Class C Floating Rate Notes due August 2039, Class D Floating Rate Notes due August 2039, Class E Floating Rate Notes due August 2039, Class M Floating Rate Notes due August 2039 and Class X Floating Rate Notes due August 2039.
Upon redemption, the net proceeds of the issue of the Notes will be applied by the Issuer to: (i) redeem in full (together with any accrued but unpaid interest thereon) the Previous Notes issued by the Issuer on the Previous Issue Date under the Previous Securitisation; (ii) finance the purchase of an additional pool arising from the Loans granted by CAAB to its customers for the purposes of purchasing Cars; and (iii) finance the Additional Cash Reserve Amount needed to replenish the Cash Reserve Account.