VW Goes Private With €550 Mln Driver Deal

26 Aug 2010

German-based Volkswagen is tapping the private market with its latest auto asset-backed securitization, the benchmark €550 million ($698 million) Private Driver 2010-1.

-- Daniel O’Leary

German-based Volkswagen is tapping the private market with its latest auto asset-backed securitization, the benchmark €550 million ($698 million) Private Driver 2010-1, according to a market official.

The fixed-rate deal was shown to an investor Monday and has already been presold, the official said. “Because its ...

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