UPDATE 1-Volkswagen brings first European ABS deal in 2008


(adds analyst comment, more detail) LONDON, Jan 23 (Reuters) - The world's fourth largest automaker, Volkswagen , plans to raise 1 billion euros ($1.5 billion) from a security backed by German auto loans in the year's first European asset-backed deal, an official at one of the banks managing the sale said on Wednesday. Named "Driver Five", guidance on the triple-A rated 934 million euro tranche of the security has been set at Euribor plus around 60 basis points, the official said. That ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Volkswagen brings first European ABS deal in 2008" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×