Publicly Issued Asset Backed Securities 
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Volkswagen Leasing GmbH |
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Class A |
Class B |
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Initial Balance |
940 mio EUR |
29.9 mio EUR |
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Ranking |
Senior |
Junior |
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Initial Credit Enhancement |
8.22% |
5.26% |
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Expected Weighted Average Live |
1.48 years |
1.86 years |
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Expected Final Payment Date |
Sep 07 |
Sep 07 |
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Legal Final Maturity |
Dec 09 |
Dec 09 |
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Preliminary Rating (Moody's, S&P) |
AAA/Aaa/AAA |
A+/A1/A+ |
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Coupon |
1-M-Euribor |
1-M-Euribor |
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Denomination |
10.000 EUR |
10.000 EUR |
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Payment Frequency |
monthly |
monthly |
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Redemption |
sequential/pro rata |
sequential/pro rata |
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Form |
Global Bearer |
Global Bearer |
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Listing |
Frankfurt Stock |
Frankfurt Stock |
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Volkswagen Leasing GmbH |
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Class A |
Class B |
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|
Initial Balance |
940 mio EUR |
30 mio EUR |
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Ranking |
Senior |
Junior |
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Initial Credit Enhancement |
8.22% |
5.26% |
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|
Expected Weighted Average Live |
3,9 years |
4,0 years |
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Expected Final Payment Date |
Oct 12 |
Oct 12 |
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Legal Final Maturity |
Oct 13 |
Oct 13 |
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Preliminary Rating (Fitch, Moody's, S&P) |
AAA/Aaa/AAA |
A+/A1/A+ |
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Coupon |
1-M-Euribor |
1-M-Euribor |
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Denomination |
50.000 EUR |
50.000 EUR |
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Payment Frequency |
monthly |
monthly |
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Redemption |
sequential/pro rata |
sequential/pro rata |
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Form |
Global Bearer |
Global Bearer |
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Listing |
Luxembourg Stock |
Luxembourg Stock |
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|
Volkswagen Leasing GmbH |
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|
Class A |
Class B |
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Initial Balance |
940,20 mio EUR |
30,35 mio EUR |
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Ranking |
Senior |
Junior |
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|
|
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Initial Credit Enhancement |
8.20% |
5.20% |
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|
Expected Weighted Average Live |
1.37 years |
1.72 years |
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Expected Final Payment Date |
Apr 11 |
Apr 11 |
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Legal Final Maturity |
Apr 12 |
Apr 12 |
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|
Preliminary Rating (Fitch, Moody's, S&P) |
AAA/Aaa/AAA |
A+/A1/A+ |
|
|
|
|
Coupon |
1-M-Euribor |
1-M-Euribor |
|
|
|
|
Denomination |
50.000 EUR |
50.000 EUR |
|
|
|
|
Payment Frequency |
monthly |
monthly |
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Redemption |
sequential/pro rata |
sequential/pro rata |
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Form |
Global Bearer |
Global Bearer |
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Listing |
Luxembourg Stock |
Luxembourg Stock |
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|
Volkswagen Bank GmbH |
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|
Class A1 |
Class A2 |
Class B |
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|
Initial Balance |
40 mio EUR |
760 mio EUR |
40 mio EUR |
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Ranking |
Senior |
Senior |
Junior |
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Initial Credit Enhancement |
9.90% |
9.90% |
6.75% |
|
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|
Expected Weighted Average Live |
0.58 years |
2.30 years |
2.07 years |
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Expected Final Payment Window |
Dec 04- |
Jan 06- |
Jan 06 - |
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|
Legal Final Maturity |
May 10 |
May 10 |
May 10 |
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Preliminary Rating (Moody's, S&P) |
AAA/Aaa |
AAA/Aaa |
A+/A1 |
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Coupn |
1-M-Euribor |
1-M-Euribor |
1-M-Euribor |
|
|
|
Denomination |
10.000 EUR |
10.000 EUR |
10.000 EUR |
|
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|
Payment Frequency |
monthly |
monthly |
monthly |
|
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Redemtion |
sequential/pro |
sequential/pro |
sequential/pro |
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Form |
Global Bearer |
Global Bearer |
Global Bearer |
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Listing |
Luxembourg |
Luxembourg |
Luxembourg |
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|
Volkswagen Bank GmbH |
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|
Class A |
Class B |
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|
Initial Balance |
917,5 mio EUR |
38,5 mio EUR |
|
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|
Ranking |
Senior |
Junior |
|
|
|
|
Initial Credit Enhancement |
9.75% |
5.9% |
|
||
|
Expected Weighted Average Live |
4.2 years |
4.1 years |
|
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Expected Final Payment Window |
July 2011- |
July 2011- |
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|
Legal Final Maturity |
August 2014 |
August 2014 |
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|
Preliminary Rating (Moody's, S&P) |
AAA/Aaa |
A1/A+ |
|
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|
Coupn |
1-M-Euribor |
1-M-Euribor |
|
||
|
Denomination |
50.000 EUR |
50.000 EUR |
|
||
|
Payment Frequency |
monthly |
monthly |
|
||
|
Redemtion |
sequential/pro |
sequential/pro |
|
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|
Form |
Global Bearer |
Global Bearer |
|
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|
Listing |
Luxembourg |
Luxembourg |
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|
Volkswagen Bank GmbH |
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|
Class A |
Class B |
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|
Initial Balance |
924,5 mio EUR |
35,0 mio EUR |
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Ranking |
Senior |
Junior |
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|
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Initial Credit Enhancement |
9.05% |
5.55% |
|
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Expected Weighted Average Live |
4.20 years |
4.20 years |
|
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|||||
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Legal Final Maturity |
October 2015 |
October 2015 |
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|
Preliminary Rating (Fitch, Moody's, S&P) |
AAA/Aaa/AAA |
A+/A1/A+ |
|
||
|
Coupn |
1-M-Euribor |
1-M-Euribor |
|
||
|
Denomination |
50.000 EUR |
50.000 EUR |
|
||
|
Payment Frequency |
monthly |
monthly |
|
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|
Redemtion |
sequential/pro |
sequential/pro |
|
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|
Form |
Global Bearer |
Global Bearer |
|
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Listing |
Luxembourg |
Luxembourg |
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|
Volkswagen Bank GmbH |
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|
Class A |
Class B |
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|
|
|
Initial Balance |
933 mio EUR |
30 mio EUR |
|
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|
Ranking |
Senior |
Junior |
|
|
|
|
Initial Credit Enhancement |
8.20% |
5.20% |
|
||
|
Expected Weighted Average Live |
1.90 years |
2.40 years |
|
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|
|
|
||||
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Legal Final Maturity |
Dec 2012 |
Dec 2012 |
|
||
|
Preliminary Rating (Fitch, Moody's, S&P) |
AAA/Aaa/AAA |
A+/A1/A+ |
|
||
|
Coupn |
1-M-Euribor |
1-M-Euribor |
|
||
|
Denomination |
50.000 EUR |
50.000 EUR |
|
||
|
Payment Frequency |
monthly |
monthly |
|
||
|
Redemtion |
sequential/pro |
sequential/pro |
|
||
|
Form |
Global Bearer |
Global Bearer |
|
||
|
Listing |
Luxembourg |
Luxembourg |
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Prospects
- Volkswagen Leasing GmbH VCL 7
- PDF, 122 Pages, 973 KB
- Volkswagen Leasing GmbH VCL 8
- PDF, 140 Pages, 864 KB
- Volkswagen Leasing GmbH VCL 9
- PDF, 175 Pages, 1.17 MB
- Volkswagen Bank GmbH Driver One
- PDF, 129 Pages, 761 KB
- Volkswagen Bank GmbH Driver Two
- PDF, 138 Pages, 924 KB
- Volkswagen Bank GmbH Driver Three
- PDF, 162 Pages, 1.28 MB
- Volkswagen Bank GmbH Driver Four
- PDF, 161 Pages, 1.27 MB