Tesla charges up for third auto lease securitization

Tesla_showroom_alamy_230x150
By Jennifer Kang
13 Nov 2019

Tesla is returning with its third auto lease securitization, issuing into a market supported by strong auto fundamentals and investor demand for paper sponsored by the electric car maker, deal watchers said.

Bank of America,Citiand Deutsche Bank are leads on the deal.

The offering is expected to perform in line with Tesla’s previous two trades, and Tesla 2019-1 should benefit from investor demand for debt tied to the company, according to an ABS advisory source watching ...

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