LeasePlan to follow private placement with groundbreaking operating lease securitisation

29 Jan 2010

Further evidence of the European securitisation market’s continuing recovery emerged on Monday as Royal Bank of Scotland revealed it had privately placed Eu139.5m of triple-A notes from LeasePlan’s UK auto lease securitisation, Bumper 3. Moreover, the issuer told EuroWeek that it is preparing a groundbreaking new securitisation.

"Although we see from time to time that a particular country can be less in favour, it’s important to have the structure set up on a pan-European basis to be able to tap different markets at different times," said Meindert de Vreeze, director, structured finance and securitisation at ...

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