LeasePlan mandates for UK ABS return

By David Bell
24 Jan 2017

Fleet management solutions provider LeasePlan has mandated leads for its first UK auto lease ABS deal in five years.

The new deal, Bumper 8, is backed by a £545m pool of UK auto lease contracts and will securitize both the lease receivables and residual value claims in the transaction.

The deal features a class ‘A’ tranche with provisional AAA ratings from DBRS, and 26.6% credit enhancement. The ...

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