VW’s UK ABS prices at tight end

volkswagen 230x150
By Owen Sanderson
01 Mar 2017

VW’s UK auto lease ABS, Driver UK Five, priced its £340m 2.02 year class ‘A’ at 45bp, the tight end of the mid-high 40s guidance, as the issuer aimed to re-establish its pricing in the market after last year’s emissions manipulation scandal.

VW Financial Services, one of the European ABS market’s most consistent issuers, saw its spreads knocked wider by re-valuations after it was revealed the firm had manipulated emissions scores for some of ...

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