Tesla lines up hotly anticipated auto lease ABS

Tesla Model3
By Sasha Padbidri
26 Jan 2018

Tesla is preparing to issue its first ever auto ABS deal, filing deal documents for the offering with the Securities and Exchange Commission on January 25.

Tesla filed ABS-15G documents with the SEC on Thursday evening for its upcoming auto lease deal, TESLA 2018-1. Citi, Bank of America Merrill Lynch and Deutsche Bank are listed as the banks on the $546.1m no-grow offering.

Moody’s Investor Service assigned preliminary ratings of Aaa to the $422.6m ...

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