Volkswagen plans auto ABS in Sept 5 week -source

Newswire

LONDON, Aug 22 (Reuters) - Volkswagen Bank plans to price a 956 million euro ($1.17 billion) German car loan-backed bond in the week starting Sept. 5, its second true sale asset-backed securitisation (ABS), sources close to the deal said on Monday. "The last roadshow is in London on Sept. 1," a source in London said. The finance unit of German car maker Volkswagen sold Germany's first true sale securitisation last November, which raised capital markets funding and reduced balance sheet ...

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