LeasePlan brings UK auto STS deal, while Moody’s flags risk for auto ABS
LeasePlan UK has mandated LeasePlan Corporation as arranger and HSBC and Santander as joint lead managers for Bumper UK 2019-1, a UK auto ABS which will comply with the ‘simple, transparent and standardised’ (STS) framework.
The transaction is supported by UK auto lease receivables as well as the corresponding residual value receivables and balloon payments. The leases are originated by LeasePlan UK and granted to corporate, public sector, SME and retail lessees in UK.Moody’s released a report on Tuesday which outlines ...
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