LeasePlan released initial price thoughts for its Bumper UK auto ABS on Tuesday with senior notes guided around low 70bp. The class 'A' notes have a weighted average life of 1.97 years whereas the class 'B' notes have a WAL of 3.02. The class ‘B’ notes are listed as ‘call desk’. LeasePlan reserves the right to retain the class ‘B’ tranche as well as the class ... Contact our subscriptions team to discuss your access: subs@globalcapital.com Or sign up for a trial to gain full access to the entire site for a limited period. To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
LeasePlan is preparing to issue a WAL auto ABS linked to SONIA and has released IPTs of around 70bp for the senior notes.