Price thoughts released for LeasePlan's Sonia-STS auto deal

auto ABS
By Tom Brown
15 May 2019

LeasePlan released initial price thoughts for its Bumper UK auto ABS on Tuesday with senior notes guided around low 70bp.

The class 'A' notes have a weighted average life of 1.97 years whereas the class 'B' notes have a WAL of 3.02. The class ‘B’ notes are listed as ‘call desk’. LeasePlan reserves the right to retain the class ‘B’ tranche as well as the class ...

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