Volkswagen unit may sell 965 mln euro ABS this week

Newswire

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 ...

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