AMAG Leasing AG’s CHF 250 Million Auto Lease Securitization Transaction


Walder Wyss advised AMAG Leasing AG.

On 15 October 2020, AMAG Leasing AG closed another Swiss auto lease securitization transaction involving the issuance by Swiss Car ABS 2020-1 AG (the Issuer) of CHF 250,000,000 Asset-Backed Notes with a coupon of 0.625 per cent, due in 2030 (Optional Redemption 2023).

The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of Swiss auto lease assets originated by AMAG Leasing AG and transferred to the Issuer. The Notes are rated «AAA sf» by Fitch and «AAA (sf)» by S&P. Zürcher Kantonalbank and Greensledge Capital Markets Europe LLP acted as Joint Arrangers, Zürcher Kantonalbank and UBS Investment Bank as Joint Lead Managers and Zürcher Kantonalbank as Sole Bookrunner.

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

The core business of Volkswagen Financial Services also includes support for internationally operating fleet managers – from tender and implementation management to international fleet reporting. This comprehensive range of products and services is able to satisfy all the fleet requirements of the Volkswagen Group’s major customers, however extreme or wide-ranging – even in the brand-independent leasing business.

The Walder Wyss team included Lukas Wyss (Picture), Johannes A. Bürgi, Maurus Winzap, Jan Ole Luuk, Roger Hofer, Johannes Stamm and Jennifer Hoogstraal.

Involved fees earner: Johannes Bürgi – Walder Wyss Ltd.; Roger Hofer – Walder Wyss Ltd.; Jennifer Hoogstraal – Walder Wyss Ltd.; Jan Ole Luuk – Walder Wyss Ltd.; Johannes Stamm – Walder Wyss Ltd.; Maurus Winzap – Walder Wyss Ltd.; Lukas Wyss – Walder Wyss Ltd.;

Law Firms: Walder Wyss Ltd.;

Clients: AMAG Leasing AG;