VW stays busy with new VCL lease ABS
Volkswagen is looking to sell a new deal from its VCL German lease securitisation shelf next week. VCL 17 comes only a few weeks after it priced its tightest post-crisis German auto loan ABS, Driver 10, and another tight print is expected.
The 750m transaction will offer investors 697.5m of class A notes, with 1.29 year weighted average life and 8.2% credit enhancement, and 21m of single-A rated B notes, with 1.88 year WAL and 5.4% credit enhancement.
Volkswagen has set aside Monday to Wednesday next week to speak with
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