VW's Spanish auto ABS breaks new ground

Category: ABS

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Volkswagen Financial Services has placed the largest Spanish auto ABS since the financial crisis and called on regulators to acknowledge the asset class' utility. The €914bn Driver Espana Four auto loan securitisation is backed by approximately 110,000 financing contracts, around 82% of which are for new vehicles.

The deal has also achieved the lowest pricing of a Spanish auto ABS from Volkswagen.

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