Auto giant expands Euro footprint

Category: ABS

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LeasePlan is marketing its first French public auto lease ABS. The €653m transaction, dubbed Bumper 10, is a one-year revolving cash securitisation backed by 40,817 auto lease receivables contracts originated by LeasePlan France to businesses, retail clients and public firms.

Moody's and DBRS have assigned provisional ratings of Aaa/AAA to the €483.2m

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