First STS deal receives IPTs as two new CMBS deals announced

Tom Brown

March 20, 2019 12:45 PM

Volkswagen — K70RE5 Frankfurt, Germany. 12th September, 2017. International Motor Show 2017 (IAA, Internationale Automobil-Ausstellung), Press Day: Dr. Herbert Diess, Chairman of the Board of Management of the Volkswagen Passenger Cars brand. Credit: Christian Lademann | Alamy Stock Photo

The first deal to qualify for the ‘simple, transparent and standardised’ (STS) label, VCL 28 - German Auto Lease ABS, has seen initial price thoughts released at mid-20bp plus one month Euribor for the triple-A rated class ‘A’ tranche and 70bp-75bp plus one month Euribor for the class ‘B’ tranche.

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Tom Brown