Volkswagen Driver 11 prices at tight end of guidance

By Joseph McDevitt
27 Jun 2013

Volkswagen Bank has priced its second Driver German auto loan securitisation of the year at the tight end of guidance for the senior class ‘A’ notes, after starting guidance wide of initial price thoughts.

Lead managers Raiffeisen International, Royal Bank of Scotland and Volkswagen Financial Services kept books for Driver 11 open through Tuesday until around 12:00 UK time on Wednesday. After going out with guidance of one month Euribor plus 30bp-35bp for the class ‘A’ tranche and plus 80bp area for ...

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