VW Group readies Swiss auto ABS

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 ...Already a subscriber? Login