VW Retains New German Auto ABS

02 Aug 2011

Volkswagen Financial Services has launched and retained a EUR949.9 million ($1.35 billion) securitization of German auto loans from its Private Driver program.

Volkswagen Financial Services has launched and retained a EUR949.9 million ($1.35 billion) securitization of German auto loans from its Private Driver program.

The deal, Private Driver 2011-2, is backed with loans originated by VW’s auto financing business Volkswagen Bank. The issuance comprises a EUR920 million ($1.31 billion) 1.79-year bond, ...

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