-- Daniel O’Leary
Volkswagen, the German-based auto maker, always intended its latest asset-backed deal to be sold via the public markets, according to Stefan Rolf, head of securitization at Volkswagen Financial Services.
Rolf quashed industry rumours VW was only selling its next deal to private investors (TS, 26/08/10) as lead managers launched the roadshow for the €475 million ($605 million) VCL 12 auto lease benchmark deal this morning. “We’ve been successful frequent issuers in to the public market before and we want to do it again,” he said.....