Driver 11, which is backed by German loans, is made up of a €690m 1.8 year class ‘A’ tranche, with a triple-A rating and 9.2% credit enhancement, and a €24.4m 2.2 year class ‘B’ tranche, rated A+/A(high)/A1. It has 5.95% credit enhancement. Both tranches will be sold at
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