AMAG Leasing AG’s CHF 200 Million Auto Lease Securitization Transaction

Niederer Kraft Frey advised Credit Suisse and Zürcher Kantonalbank, while Walder Wyss advised AMAG Leasing AG.

Credit Suisse acted as Arranger and Joint Lead Manager and Zürcher Kantonalbank as Joint Lead Manager in connection with the auto lease securitisation and issuance by Swiss Car ABS 2021-1 AG of CHF 200,000,000 0.50 per cent. asset-backed notes due 2031.

The notes, which are backed by a portfolio of Swiss auto lease assets originated by AMAG Leasing AG, have been assigned a “AAAsf” / “AAA(sf)” rating by Fitch / S&P and are listed on SIX Swiss Exchange. The transaction closed on 19 April 2021 and constitutes the sixth auto lease securitisation of AMAG Leasing AG following its debut transaction in 2015.

AMAG Leasing AG is a part of Volkswagen Financial Services AG which offers innovative fleet management solutions for national and international fleets. 

The NKF team was led by Daniel Bono (Picture), working with Giulia Ghezzi and Markus Kronauer.

The Walder Wyss team included Lukas Wyss, Johannes A. Bürgi, Maurus Winzap, Jan Ole Luuk, Roger Hofer, Jorgos Boulamatsis and Jennifer Hoogstraal.

Involved fees earner: Daniel Bono – Niederer Kraft Frey Ltd; Giulia Ghezzi – Niederer Kraft Frey Ltd; Markus Kronauer – Niederer Kraft Frey Ltd; Jorgos Boulamatsis – Walder Wyss Ltd.; Johannes Bürgi – Walder Wyss Ltd.; Roger Hofer – Walder Wyss Ltd.; Jennifer Hoogstraal – Walder Wyss Ltd.; Jan Ole Luuk – Walder Wyss Ltd.; Maurus Winzap – Walder Wyss Ltd.; Lukas Wyss – Walder Wyss Ltd.;

Law Firms: Niederer Kraft Frey Ltd; Walder Wyss Ltd.;

Clients: AMAG Leasing AG; Credit Suisse; Zürcher Kantonalbank;

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Federica Tiefenthaler

Author: Federica Tiefenthaler