LONDON, Sept 23 (Reuters) - Bank Austria Creditanstalt plans to sell a 424.6 million-euro ($515.3 million) car and equipment lease-backed bond via the Success 2005 B.V. special purpose vehicle, a source close to the deal said on Friday.
He said the bond issuer was not planning roadshows, and the pricing date was not yet available. HVB and Bank Austria Creditanstalt are the lead managers.
The deal structure is below. The ratings are preliminary and are from Moody's Investors Service. There are more than 18,000 personal and commercial loans generating bond repayment, Moody's said.
CLASS AMOUNT RATINGS AVERAGE LIFE
A 390 mln euro Aaa 4.2 year
B 8.5 mln euro A2 5 year
C 8.5 mln euro Baa2 5 year
D 8.5 mln euro Ba2 5 year
8.5 mln euro non rated liquidity notes