Deals & Cases

AMAG Leasing: Swiss Car ABS 2020-1 Ltd.

15 octobre 2020 – On 15 October 2020, AMAG Leasing AG closed another Swiss auto lease securitization transaction involving the issuance by Swiss Car ABS 2020-1 AG (the Issuer) of CHF 250,000,000 Asset-Backed Notes with a coupon of 0.625 per cent, due in 2030 (Optional Redemption 2023).

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. Zürcher Kantonalbank and Greensledge Capital Markets Europe LLP acted as Joint Arrangers, Zürcher Kantonalbank and UBS Investment Bank as Joint Lead Managers and Zürcher Kantonalbank as Sole Bookrunner.

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), Johannes Stamm (Trainee Lawyer, Finance) und Jennifer Hoogstraal (Trainee Lawyer, Finance).