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Cembra Money Bank - Swiss Auto Lease 2015-1 SFr222.6 million auto loan securitisation

23/3/2015
Asset Backed Securities (ABS), Securitisation
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SFr 222.6 million

$ 220.153 million

Completed

23/3/2015

Overview:

  • Cembra Money Bank, acting through Swiss Auto Lease 2015 - 1, has issued SFr222.6 million in notes.
  • The issue consists of SFr200 million 0.23% notes due 2025 and SFr22.6 million 0.4% notes due 2025.
  • The notes are backed by a portfolio of auto lease contracts
  • The deal is Cembra's third auto lease securitisation.
  • Credit Suisse acted as arranger. 

Rani Mehta - Journalist 

Jurisdiction:

Switzerland

Deal types:

Asset Backed Securities (ABS)
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Governing laws:

England and Wales
Switzerland

Industry sectors:

Banking
Financial services

Firms:
Cadwalader Wickersham & Taft

Party: Cembra Money Bank (Issuer)

Hogan Lovells

Party: Credit Suisse (Arranger)

Niederer Kraft Frey

Party: Credit Suisse (Arranger)

Lawyers: Daniel Bono, Philippe Weber

Walder Wyss

Party: Cembra Money Bank (Issuer)

Lawyers: Johannes Bürgi, Lukas Wyss

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