VW preps ABS market opener as supply lines up for February
Volkswagen Bank has named leads for what will likely be the first European ABS print of 2015 next week. Bankers anticipate seeing only one or two more deals in January but they are preparing for a busy February and March.
Volkswagen has hired Citi and Lloyds to join its own team as bookrunners for Driver Thirteen, a €717m German auto loan ABS.
Investors have been offered €691.5m of triple-A rated two year Class A notes and €25.5m of A1/A+/A rated 2.36 year Class B notes.The leads are ...