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