LeasePlan Corporation N.V.
Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.
Publicatie datum
12 apr 2012 - 08:54
Statutaire naam
LeasePlan Corporation N.V.
Titel
LeasePlan places GBP 582.1 million of securities backed by UK leasing portfolio
Bericht
LeasePlan Corporation N.V. has successfully placed GBP 582.1 million of securities backed by the lease assets of its portfolio in the UK. LeasePlan placed the notes in two classes both rated AAA(sf) by Standard & Poor’s and Fitch, a EUR 445.8 million class A1 and a GBP 212.1 million class A2. There was a high level of oversubscription in the euro tranche and books included the highest quality institutional investors.
The transaction, labeled Bumper 5 (UK), has been priced at 1 month euribor +120 basis points for the class A1 euro notes and libor 1 month + 140 basis points for the class A2 sterling notes. The class A notes have a weighted average life of two years. In addition, GBP 46.1 million class B notes rated AA+(sf) with a spread of 1 month libor + 185 basis points were retained by the company.
The transaction is the first transaction to tap sterling investor demand. It is the fifth securitisation transaction under the programme called Bumper, which covers asset backed transactions in Germany, the Netherlands and the UK.
It follows on from Bumper 4 backed by Dutch leasing assets and placed in April 2011. In addition to these jurisdictions, LeasePlan is also looking to expand the programme further afield - LeasePlan is examining a number of jurisdictions with the aim to continue providing a regular supply of asset backed paper.
The Bumper 5 transaction and the responses thereof demonstrate the continued confidence of investors in LeasePlan’s business model and diversified funding strategy.
Datum laatste update: 08 november 2024