VW opens autos for 2011

17 Jan 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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