VW prices first Italian auto loan ABS

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By Asad Ali
23 Apr 2018

Volkswagen Bank priced its inaugural €500m Italian auto loan ABS deal on Friday, with demand outstripping supply for both classes of bonds offered.

Initial price thoughts for both tranches were announced on Wednesday at high 20bp and 60bp area for the ‘A’ and ‘B’ classes.

Class ‘A’ was oversubscribed by 1.3 times, and demand did not waiver when pricing was tightened by 1bp from earlier guidance of 27bp on Thursday. The ...

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