IFLR1000

Volkswagen €820.5 million auto lease securitisation

25/11/2015
Asset Backed Securities (ABS), Securitisation
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€ 820.5 million

$ 872.925 million

Completed

25/11/2015

Overview:

  • Volkswagen Leasing has undertaken a securitisation of automotive leases valued at €820.5 million.
  • The issue is backed by lease contracts from VW's Germany network.
  • The issue consisted of €800 million Class A asset backed floating rate notes due 2021 and €20.5 million Class B asset backed floating rate notes due 2021. Both tranches were listed on the Luxembourg Stock Exchange.

Sam Duke - Editor

Jurisdictions:

Germany
Luxembourg

Deal types:

Asset Backed Securities (ABS)
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Automotive

Firm:
Hogan Lovells

Party: Volkswagen Leasing (Issuer)

Lawyers: Pierre Reuter, Sharon Lewis, Sven Brandt

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