IFLR1000

Cembra Money Bank – Swiss Auto Lease 2019-1 SFr 250 million auto lease securitization

25/3/2019
Asset Backed Securities (ABS), Investment grade bond/note issue
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SFr 250 million

$ 274.794 million

Completed

25/3/2019

Overview:

  • Cembra Money Bank has completed an auto lease securitisation of Swiss Auto Lease 2019-1 issue.  
  • The SFr250 million asset-backed notes has a coupon of 0.15%.

Rajeeb Gurung - Researcher

Jurisdiction:

Switzerland

Deal types:

Asset Backed Securities (ABS)
Investment grade bond/note issue

Practice area:

Capital markets : Structured finance and securitisation

Governing laws:

England and Wales
Switzerland

Industry sector:

Financial services

Firms:
Cadwalader Wickersham & Taft

Party: Cembra Money Bank (Originator)

Party: Swiss Auto Lease 2019-1 (Issuer)

Niederer Kraft Frey

Party: Credit Suisse (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: Merrill Lynch International (Arranger)

Reed Smith

Party: Credit Suisse (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: Merrill Lynch International (Arranger)

Walder Wyss

Party: Cembra Money Bank (Originator)

Party: Swiss Auto Lease 2019-1 (Issuer)

Lawyers: Johannes Bürgi, Lukas Wyss

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