VCL Prices Wider As Spreads Converge Across Autos

30 Jan 2014

Volkswagen priced its latest VCL auto lease securitization wider than both VCL deals it priced in 2013, as spreads between different programs in the German auto asset-backed securities sector continued to converge.

Volkswagen priced its latest VCL auto lease securitization wider than both VCL deals it priced in 2013, as spreads between different programs in the German auto asset-backed securities sector continued to converge.

Despite being 1.4 times oversubscribed, VCL 19’s EUR697.5 million ($944.97 million) of triple-A rated class ...

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