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GC Asia
Auto ABS deals return to 2021 market
The auto ABS sector has begun humming with activity in a busy securitization market, with VW Bank opening the books for its latest VCL transaction on Monday, alongside the announcement of a LeasePlan deal.
Guidance for VCL 32 put the 1.97-year triple-A tranche between 16-18bp, with the triple-B notes guided at around 80-85bp, tightening around 4bp and 10bp from initial price thoughts, if the deal lands at the tight end of guidance.. The deal is a total of €721.9m.
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