LONDON, Nov 17 (Reuters) - Volkswagen Leasing, a leasing unit of Europe's biggest auto maker Volkswagen , may sell an asset-backed bond totalling 965 million euros this week, a source close to the deal said on Monday.
West LB is managing the issue, which is via special purpose vehicle VCL No. 6 Ltd. The bond is backed by Volkswagen car leases in Germany.
The latest structure of the transaction is below.
RATING AMOUNT WAL* PRICE TALK
AAA 935 mln 1.5 Euribor plus 11-12 bps
A+ 30 mln 1.8 Euribor plus 40 bps
*Weighted average life in years