VW Leasing mandates new auto ABS
VW Leasing mandated banks this week for a new German auto ABS deal, as cheap funding continues to drive issuers to the market.
VW mandated Unicredit on the deal, with ING as a joint-lead manager and BNP Paribas, Santander and SEB as co-managers.
According to a presale report from Moody’s, the deal is backed by a portfolio of auto leasing contracts with a value of €1.25bn.
New vehicles make up 95% of the pool but this
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