Deals & Cases

AMAG Leasing: Swiss Car ABS 2018-1

18 avril 2018 – On 18 April 2018, AMAG Leasing AG closed its third Swiss auto lease securitization transaction involving the issuance by Swiss Car ABS 2018-1 AG (the Issuer) of CHF 275,000,000 Asset-Backed Notes with a coupon of 0.120 per cent, due in 2028.

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. Credit Suisse AG acted as Arranger, Sole Lead Manager and Sole Bookrunner and UBS AG and Zürcher Kantonalbank acted as Co-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), Thomas Müller (Partner, Finance), Jan Ole Luuk (Counsel, VAT), Roger Ammann (Associate, Finance), Julia Lehner (Associate, Finance) and Michael Müller (Trainee Lawyer, Finance).