VW opens autos for 2011
Volkwagen Bank is bringing the first auto securitisation of the year to market, a Eu714.4m German loans securitisation through Driver Eight.
Société Générale and Commerzbank are managing the roadshow, which begins on Wednesday.The transaction structure is Eu690m of triple A rated A notes and Eu24.4m of A1 rated B notes. The portfolio will have a weighted average life of 2.1 years, assuming no prepayment. There will also be a ...
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