The securitisation transaction Volkswagen Car Lease 11 (VCL 11) has been successfully placed with a broad range of investors on 24th September. This was the first benchmark Auto ABS (Asset-Backed Securities) transaction since September 2008 to be fully marketed to investors via a roadshow and subsequent bookbuilding process. The syndicate of banks, led by J.P. Morgan, VW Bank and WestLB, was able to price both tranches at the lower end of the price range thanks to the significant investor demand and high oversubscription levels.
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Braunschweig, September 24, 2009 |
Volkswagen Leasing GmbH opens up Euro ABS market |
Braunschweig, July 8, 2009 |
Volkswagen Financial Services AG: Market entry in NorwayVolkswagen Financial Services AG plans to offer financial services on the Norwegian market for the first time starting at the end of 2009 within the framework of a joint venture with the Norwegian importer MøllerGruppen. ... more |
Frankfurt am Main, March 17, 2009 |
Volkswagen Financial Services AG: Growth course has further continued in 2008Frankfurt am Main, 17th March 2008. Volkswagen Financial Services AG (VWFSAG) has also continued on its growth course during the 2008 business year just ended. ... more |