Capital market/deposits/ABS refinancing
Letter of Comfort
Please note that Volkswagen Bank GmbH has given a Letter of Comfort with regard to the creditors of Volkswagen Leasing GmbH, which can be downloaded here.
Corporate Bonds
Asset Backed Securities
VCL Master
VCL Master C1
| Class A Notes | Class B Notes | |
|---|---|---|
| Balance on Renewal | 2,713.7m EUR | 95m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 9.20 % | 6.10 % |
| Expected Weighted Average Lives | 1.97 years | 2.26 years |
| Closing Date | 25.09.2024 | 25.09.2024 |
| Expected Repayment Date | November 2027 | November 2027 |
| Final Maturity Date | September 2031 | September 2031 |
| Rating (DBRS / S&P) | AAA(sf)/ AAA(sf) | AA (high) (sf) / AA-(sf) |
| Coupon | 1-m-EURIBOR + 0.49 % p.a. | 1-m-EURIBOR + 1.15 % p.a. |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Global Registered Note | Global Registered Note |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
Download Investor Reports Compartment 1
VCL Master Residual Value Compartment 2
| Class A Notes | Class B Notes | |
|---|---|---|
| Balance on Renewal | 7,536.6m EUR | 1,552.9m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 46.50 % | 33.00 % |
| Expected Weighted Average Lives | 2.01 years | 2.18 years |
| Closing Date | 25.09.2024 | 25.09.2024 |
| Expected Repayment Date | November 2027 | November 2027 |
| Final Maturity Date | September 2031 | September 2031 |
| Rating (DBRS / S&P) | AAA(sf)/ AAA(sf) | AA (low) (sf) / AA-(sf) |
| Coupon | 1-m-EURIBOR + 0.75 % p.a. | 1-m-EURIBOR + 1.40 % p.a. |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Global Registered Note | Global Registered Note |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 36
| Class A | Class B | |
|---|---|---|
| Initial Balance | 705.0m EUR | 16.5m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.75 % | 4.55 % |
| Expected Weighted Average Lives | 1.26 years | 2.04 years |
| Closing Date | 27.06.2022 | 27.06.2022 |
| Expected Repayment Date | January 2025 | January 2025 |
| Legal Maturity Date | February 2028 | February 2028 |
| Rating (Fitch / Moody´s) | AAA(sf)/ AAA(sf) | AA(sf) / A1(sf) |
| Coupon | 1-m-EURIBOR + 0.60% p.a. | 1-m-EURIBOR + 1.25% p.a. |
| Issuance Price | 100.384% | 100 % |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 37
| Class A | Class B | |
|---|---|---|
| Initial Balance | 945.1m EUR | 20.1m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.59 % | 4.58 % |
| Expected Weighted Average Lives | 1.26 years | 2.09 years |
| Closing Date | 25.11.2022 | 25.11.2022 |
| Expected Repayment Date | July 2025 | July 2025 |
| Legal Maturity Date | September 2028 | September 2028 |
| Rating (S&P / DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.55% p.a. | 1-m-EURIBOR + 1.90% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 38
| Class A | Class B | |
|---|---|---|
| Initial Balance | 1,182.5m EUR | 25m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.50 % | 4.50 % |
| Expected Weighted Average Lives | 1.27 years | 2.11 years |
| Closing Date | 27.03.2023 | 27.03.2023 |
| Expected Repayment Date | October 2025 | October 2025 |
| Legal Maturity Date | January 2029 | January 2029 |
| Rating (Moody´s / S&P) | AAA(sf) / AAA(sf) | Aa2(sf) / AA(sf) |
| Coupon | 1-m-EURIBOR + 0.43% p.a. | 1-m-EURIBOR + 1.30% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 39
| Class A | Class B | |
|---|---|---|
| Initial Balance | 709.5m EUR | 13.5m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.60% | 4.80% |
| Expected Weighted Average Lives | 1.30 years | 2.21 years |
| Closing Date | 26.06.2023 | 26.06.2023 |
| Expected Repayment Date | January 2026 | January 2026 |
| Legal Maturity Date | April 2029 | April 2029 |
| Rating (Moody's/Fitch) | Aaa(sf)/ AAA(sf) | Aa2(sf) / AA(sf) |
| Coupon | 1-m-EURIBOR + 0.42% p.a. | 1-m-EURIBOR + 1.50% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 40
| Class A | Class B | |
|---|---|---|
| Initial Balance | 709.5m EUR | 16.5m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.60% | 4.40% |
| Expected Weighted Average Lives | 1.36 years | 2.15 years |
| Closing Date | 25.10.2023 | 25.10.2023 |
| Expected Repayment Date | June 2026 | June 2026 |
| Legal Maturity Date | August 2029 | August 2029 |
| Rating (S&P/DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.42 % p.a. | 1-m-EURIBOR + 1.15 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 41
| Class A | Class B | |
|---|---|---|
| Initial Balance | 954m EUR | 18m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.24 years | 2.13 years |
| Closing Date | 26.02.2024 | 26.02.2024 |
| Expected Repayment Date | September 2026 | September 2026 |
| Legal Maturity Date | December 2029 | December 2029 |
| Rating (Moody's/Fitch) | AAA(sf)/ AAA(sf) | Aa2(sf) / AA+(sf) |
| Coupon | 1-m-EURIBOR + 0.46 % p.a. | 1-m-EURIBOR + 1.10 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 42
| Class A | Class B | |
|---|---|---|
| Initial Balance | 954.0 m EUR | 18.0 m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.25 years | 2.15 years |
| Closing Date | 25.06.2024 | 25.06.2024 |
| Expected Repayment Date | December 2026 | December 2026 |
| Legal Maturity Date | March 2030 | March 2030 |
| Rating (S&P/DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.40 % p.a. | 1-m-EURIBOR + 0.90 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 43
| Class A | Class B | |
|---|---|---|
| Initial Balance | 715.5 m EUR | 13.5 m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.22 years | 2.10 years |
| Closing Date | 25.10.2024 | 25.10.2024 |
| Expected Repayment Date | April 2027 | April 2027 |
| Legal Maturity Date | July 2030 | July 2030 |
| Rating (Moody's/Fitch) | Aaa(sf)/ AAA(sf) | Aa2(sf) / AA+(sf) |
| Coupon | 1-m-EURIBOR + 0.49% p.a. | 1-m-EURIBOR + 1.25% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
Download Investor Reports
More information about Volkswagen Leasing GmbH
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