Feb 20, 2012
- Hugh Leask
German Leasing Firm Places Rare Haulage ABS
German firm NL Mobil, which provides truck and equipment leases for the road haulage industry, has privately placed its second securitization, TruckLease Compartment No. 2.
LBBW was lead manager on the transaction, which saw the senior AAA-rated EUR58.6 million ($77.7 million) slice of bonds privately placed with investors. The remainder of the deal, which comprised four tranches of notes ranging from EUR23 million ($30.5 million)....