Walder Wyss advised Cembra Money Bank on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction.
Cembra Money Bank AG closed another Swiss auto lease securitization transaction involving the issuance by Swiss Auto Lease 2019-1 GmbH (the Issuer) of CHF 250,000,000 Asset-Backed Notes with a coupon of 0.15 per cent, due in 2028.
The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of Swiss auto lease assets originated by Cembra Money Bank AG and transferred to the Issuer. The Notes are rated “AAA sf” by Fitch and “Aaa (sf)” by Moody’s.
Credit Suisse AG acted as Joint Lead Manager, Deutsche Bank AG, London Branch as Joint Lead Manager and Merrill Lynch International (Bank of America Merrill Lynch) as Joint Lead Manager and Arranger.
Walder Wyss advised Cembra Money Bank on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction with a team included Lukas Wyss (Partner, Finance, in picture), Johannes A. Bürgi (Partner, Finance), Thomas Meister (Partner, Tax), Jan Ole Luuk (Counsel, VAT), Roger Ammann (Associate, Finance) and Philipp Husi (Trainee, Finance).
Involved fees earner: Roger Ammann – Walder Wyss Ltd.; Johannes Bürgi – Walder Wyss Ltd.; Philipp Husi – Walder Wyss Ltd.; Jan Ole Luuk – Walder Wyss Ltd.; Thomas Meister – Walder Wyss Ltd.; Lukas Wyss – Walder Wyss Ltd.;
Law Firms: Walder Wyss Ltd.;
Clients: Cembra Money Bank AG;