Deals & Cases

AMAG Leasing: Swiss Car ABS 2021-1 AG

17 April 2021 – On 18 April 2021, AMAG Leasing AG closed another Swiss auto lease securitization transaction involving the issuance by Swiss Car ABS 2021-1 AG (the Issuer) of CHF 200,000,000 Asset-Backed Notes with a coupon of 0.500 per cent, due in 2031 (Optional Redemption 2024).

The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of Swiss auto lease assets originated by AMAG Leasing AG and transferred to the Issuer. The Notes are rated «AAA sf» by Fitch and «AAA (sf)» by S&P. Credit Suisse AG acted as Arrangers and Credit Suisse AG and Zürcher Kantonalbank acted as Joint Lead Managers.

Walder Wyss advised AMAG Leasing AG on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction (transaction counsel). The Walder Wyss team included Lukas Wyss (Partner, Finance), Johannes A. Bürgi (Partner, Finance), Maurus Winzap (Partner, Tax), Jan Ole Luuk (Counsel, VAT), Roger Hofer (Associate, Finance), Jorgos Boulamatsis (Trainee Lawyer, Finance) und Jennifer Hoogstraal (Trainee Lawyer, Finance).