Volkswagen U.S. unit to price $1.5 bln ABS


NEW YORK, Feb 22 (Reuters) - VW Credit Inc., the U.S. finance unit of Volkswagen AG will price a $1.5 billion asset-backed securities deal, backed by auto leases, market sources said on Tuesday. Barclays Capital and Citigroup will serve as lead underwriters for the offering, market sources said. The following are preliminary terms for the upcoming deal, "Volkswagen Auto Lease Trust 2005-A": CLASS SIZE WAL RATING WINDOW BENCHMARK A1 425MM .36 A1+/P1 1-9MOS INTERP LIBOR+1A A2 420MM 1.05 ...

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