Volkswagen Bank securitizes Italian auto loans for first time
Clients Volkswagen Bank GmbH
Jones Day advised Volkswagen Bank GmbH in connection with its first Italian securitization relating to auto loans granted by Volkswagen Bank, Italian Branch. The transaction was carried out by the Italian securitization vehicle “Driver Italia One S.r.l.” incorporated under Italian law no. 130/1999.
The Senior Notes and the Mezzanine Notes are listed on the Luxembourg Stock Exchange and rated by DBRS, Moody's and S&P. The Junior Notes have been subscribed by Volkswagen International Luxembourg S.A.