Structured Bonds - All Articles

  • VW’s Driver Eight hauls auto ABS tighter

    VW’s Driver Eight German auto loan ABS pulled secondary market prices tighter this week, as lead managers Commerzbank and Société Générale priced the Eu690m class ‘A’ tranche at 70bp — up to 5bp inside secondaries at the time, though auto spreads were already coming in.

    • 28 Jan 2011
  • Driver Eight ‘A’ notes come tight

    Lead managers Commerzbank and Société Générale priced the Eu690m 1.83 year average life class ‘A’ tranche of VW’s Driver Eight German auto securitisation at 70bp over one month Euribor. This price was the tight end of guidance, which was low 70s, and the deal was 1.6 times covered.

    • 26 Jan 2011
  • First asset backed deals of the year emerge in new pipeline

    The first three securitised deals to launch this year have been in the asset classes that dominated the market in 2010 — Dutch prime, German autos, and UK prime.

    • 21 Jan 2011
  • 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.

    • 17 Jan 2011