Volkswagen revs up French debut, eyes frequent issuance

By Joseph McDevitt
28 Aug 2013

Volkswagen, the benchmark issuer in German auto asset-backed securities, is stepping into the French securitization market for the first time with a new auto loan deal, Driver France FCT Compartiment 2013-1, and hopes to become a regular ABS issuer there.

The issuer will begin meeting with investors on Friday, with the roadshow continuing next week on Monday through to Wednesday, according to Stefan Rolf, head of asset-backed securitization at Volkswagen. The deal is being jointly arranged by BNP Paribas and VW Financial Services. BNP and Barclays are joint ...

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