VW stays busy with new VCL lease ABS

Volkswagen is looking to sell a new deal from its VCL German lease securitisation shelf next week. VCL 17 comes only a few weeks after it priced its tightest post-crisis German auto loan ABS, Driver 10, and another tight print is expected.

  • 13 Feb 2013

The €750m transaction will offer investors €697.5m of class ‘A’ notes, with 1.29 year weighted average life and 8.2% credit enhancement, and €21m of single-A rated ‘B’ notes, with 1.88 year WAL and 5.4% credit enhancement.

Volkswagen has set aside Monday to Wednesday next week to speak with ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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