Deals & Cases

AMAG Leasing: Inaugural Auto Lease ABS 2015-1

3 December 2015 – On 3 December 2015, AMAG Leasing AG closed its inaugural auto lease securitization transaction involving the issue by Swiss Car ABS 2015-1 AG (the Issuer) of CHF 310,400,000 0.20 percent Asset-Backed Class A Notes due 2025. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by AMAG Leasing AG and transferred to the Issuer. The Notes are rated "AAAsf" by Fitch and "Aaa(sf)" by Moody’s. UBS Investment Bank acted as Lead Manager, Sole Bookrunner and Co-Arranger, Zürcher Kantonalbank acted as Senior Co-Manager and StormHarbour acted as Co-Arrangers on this transaction.

Walder Wyss advised AMAG Leasing AG on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction. The Walder Wyss team included Lukas Wyss (Partner, Finance), Johannes A. Bürgi (Partner, Finance), Maurus Winzap (Partner, Tax), Thomas S. Müller (Partner, Finance), Jan Ole Luuk (Counsel, VAT), David Borer (Associate, Finance), Martina Nüesch (Associate, Finance), Anna Baldenbach von Bröchen (Associate, Finance), Fabienne Limacher (Associate, Tax) and David Henseler (Trainee, Finance).