VW Group readies Swiss auto ABS

By Tom Brown
09 Apr 2020

AMAG Leasing, the Swiss importer for VW Group, is bringing a new Swiss auto ABS deal to market, the first ABS transaction to be publicly issued since lockdowns were implemented across Europe in the wake of the pandemic crisis.

A single fixed-rate Swiss franc tranche with an average life of 1.8 years will be offered.

The transaction is backed by a revolving €366m pool of lease receivables, extended to both private and commercial borrowers.

Rabobank in a research note said this was “relatively short compared to ...

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