GE’s Second Swiss Auto Lease Securitisation Transaction Listed on the SIX Swiss Exchange
28. Juni 2013 – Walder Wyss assisted GE Money Bank AG ("GE") as Swiss transaction counsel on its second public Swiss auto lease securitisation transaction listed on the SIX Swiss Exchange, transferring a portfolio of auto lease assets originated by GE to a newly set-up special purpose vehicle in Switzerland, Swiss Auto Lease 2013-1 GmbH (the “Issuer”). The Issuer issued CHF 200,000,000 asset-backed senior notes to the Swiss capital market. Walder Wyss advised GE on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction.
The Walder Wyss team included Johannes A. Bürgi (Partner, Finance), Lukas Wyss (Partner, Finance), Thomas Meister (Partner, Tax), Thomas S. Müller (Managing Associate, Finance), Jan Ole Luuk (Counsel, VAT), David Hadad (Associate, Finance), and David Borer (Associate, Finance).