VW To Tap Investors For Second ABS Deal March 08, 2010

-- Daniel O’Leary
Volkswagen is again tapping the primary European asset-backed securities market with a benchmark €475 million ($648 million) auto loan receivables deal, this time from its Driver program. Driver Seven is the German auto maker’s second public issuance since the collapse of Lehman Brothers and also follows two private placements this year (TSCI, 26/02/10). Fitch Ratings and Standard & Poor’s gave the deal provisional ratings ...

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