European Securitization
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VW also priced UK car loan deal, increased to £750m -
George Smith and Tom Hall discuss the return of UK car loan ABS and the serene progress of other deals in the public markets
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Older deals and more recent trades in the mix
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The issuer plans on returning to the market next year with another multi-country auto deal
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At least 10 deals are being marketed as heavy issuance proves a drag on spreads
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Department store's JV with Santander comes just as Santander is marketing a deal
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Afme applauds proposed reforms, but some want bigger boost for non-STS and subordinated tranches
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VW’s is the first UK car finance securitization since October 2024
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With 10 deals in the market, subscription levels are still strong
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First European deal in the asset class was strongly supported by anchor investors
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Deal comes right after VW priced a German lease deal tightly
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Hoehl worked on Santander's desk for 15 years
