Letter of Comfort
Please note that Volkswagen Bank GmbH has given a Letter of Comfort with regard to the creditors of Volkswagen Leasing GmbH, which can be downloaded here.
Corporate Bonds
- maturity: 15.08.2025; cur+amount: EUR 750 bn.; intere: 1,625%; WKN: A2GSFT; ISIN: XS1865186677 (PDF, 1.3 MB)
- Adjusted version - maturity: 12.01.2026; cur+amount: EUR 750 Mio.; interest rate: 0.250%; WKN: A2GSF1; ISIN: XS2282094494 (PDF, 686.0 KB)
- maturity: 12.01.2026; cur+amount: EUR 750 Mio.; interest rate: 0.250%; WKN: A2GSF1; ISIN: XS2282094494 (PDF, 994.0 KB)
- maturity: 25.03.2026; cur+amount: EUR 800 MIO.; Interest rate: 4.50%; WKN: A3514T; ISIN: XS2694872081 (PDF, 1.7 MB)
- maturity: 19.06.2026; cur+amount: EUR 650 Mio.; Interest rate: 1.5%; WKN: A2GSFX; ISIN: XS2014291616 (PDF, 961.0 KB)
- adjusted version - maturity: 20.07.2026; cur+amount: EUR 1 bn.; Interest rate: 0.375%; WKN: A2YN0C; ISIN: XS2343822842 (PDF, 680.0 KB)
- maturity: 20.07.2026; cur+amount: EUR 1 bn.; Interest rate: 0.375%; WKN: A2YN0C; ISIN: XS2343822842 (PDF, 967.0 KB)
- maturity: 11.10.2026; cur+amount: EUR 850 mio.; Interest rate: 3.625%; WKN: A2YN0E; ISIN: XS2745344601 (PDF, 753.0 KB)
- maturity: 11.10.2028; cur+amount: EUR 1.150 BN.; Interest rate: 3.875%; WKN: A2YN0F; ISIN: XS2745725155 (PDF, 755.0 KB)
- adjusted version - maturity: 12.01.2029; cur+amount: EUR 750 Mio.; Interest rate: 0.500%; WKN: A2YN0A; ISIN: XS2282095970 (PDF, 685.0 KB)
- maturity: 12.01.2029; cur+amount: EUR 750 Mio.; Interest rate: 0.500%; WKN: A2YN0A; ISIN: XS2282095970 (PDF, 992.0 KB)
- maturity: 25.03.2029; cur+amount: EUR 500 Mio.; Interest rate: 4.625%; WKN: A3514U; ISIN: XS2694872594 (PDF, 1.7 MB)
- adjusted version - maturity: 19.07.2029; cur+amount: EUR 750 Mio.; Interest rate: 0.625%; WKN: A2YN0D; ISIN: XS2343822503 (PDF, 684.0 KB)
- maturity: 19.07.2029; cur+amount: EUR 750 Mio.; Interest rate: 0.625%; WKN: A2YN0D; ISIN: XS2343822503 (PDF, 964.0 KB)
- maturity: 11.04.2031; cur+amount: EUR 750 mio.; Interest rate: 4.000%; WKN: A2YN0G; ISIN: XS2745726047 (PDF, 752.0 KB)
- maturity: 25.09.2031; cur+amount: EUR 700 Mio.; Interest rate: 4.750%; WKN: A3514V; ISIN: XS2694874533 (PDF, 1.7 MB)
Asset Backed Securities
VCL Master
VCL Master C1
| Class A Notes | Class B Notes | |
|---|---|---|
| Balance on Renewal | 2,713.7m EUR | 95m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 9.20 % | 6.10 % |
| Expected Weighted Average Lives | 1.97 years | 2.26 years |
| Closing Date | 25.09.2024 | 25.09.2024 |
| Expected Repayment Date | November 2027 | November 2027 |
| Final Maturity Date | September 2031 | September 2031 |
| Rating (DBRS / S&P) | AAA(sf)/ AAA(sf) | AA (high) (sf) / A+(sf) |
| Coupon | 1-m-EURIBOR + 0.49 % p.a. | 1-m-EURIBOR + 1.15 % p.a. |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Global Registered Note | Global Registered Note |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- VCL Master C1 - Base Prospectus 2024 (PDF, 3.4 MB)
- VCL Master C1 - Press Release DBRS 2024 (PDF, 64.0 KB)
- VCL Master C1 - Press Release S&P 2024 (PDF, 268.0 KB)
- VCL Master C1 - STS-Notification 09-2024 (XLSX, 250.0 KB)
- VCL Master C1 - Verification Report SVI - 09-2024 (PDF, 554.0 KB)
- VCL Master C1 - CRR Assessment SVI - 09-2024 (PDF, 190.0 KB)
- VCL Master C1 - LCR Assessment SVI - 09-2024 (PDF, 222.0 KB)
Download Investor Reports Compartment 1
VCL Master Residual Value Compartment 2
| Class A Notes | Class B Notes | |
|---|---|---|
| Balance on Renewal | 7,536.6m EUR | 1,552.9m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 46.50 % | 33.00 % |
| Expected Weighted Average Lives | 2.01 years | 2.18 years |
| Closing Date | 25.09.2024 | 25.09.2024 |
| Expected Repayment Date | November 2027 | November 2027 |
| Final Maturity Date | September 2031 | September 2031 |
| Rating (DBRS / S&P) | AAA(sf)/ AAA(sf) | AA (low) (sf) / AA-(sf) |
| Coupon | 1-m-EURIBOR + 0.75 % p.a. | 1-m-EURIBOR + 1.40 % p.a. |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Global Registered Note | Global Registered Note |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- VCL Master RV C2 - Base Prospectus 2024 (PDF, 2.0 MB)
- VCL Master RV C2 - Press Release DBRS 2024 (PDF, 69.0 KB)
- VCL Master RV C2 - Press Release S&P 2024 (PDF, 309.0 KB)
- VCL Master RV C2 - STS Notification 09-2024 (XLSX, 252.0 KB)
- VCL Master RV C2 - Verification Report SVI 09-2024 (PDF, 577.0 KB)
- VCL Master RV C2 - CRR Assessment SVI 09-2024 (PDF, 195.0 KB)
- VCL Master RV C2 - LCR Assessment SVI 09-2024 (PDF, 211.0 KB)
VCL 37
| Class A | Class B | |
|---|---|---|
| Initial Balance | 945.1m EUR | 20.1m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.59 % | 4.58 % |
| Expected Weighted Average Lives | 1.26 years | 2.09 years |
| Closing Date | 25.11.2022 | 25.11.2022 |
| Expected Repayment Date | July 2025 | July 2025 |
| Legal Maturity Date | September 2028 | September 2028 |
| Rating (S&P / DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.55% p.a. | 1-m-EURIBOR + 1.90% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 38
| Class A | Class B | |
|---|---|---|
| Initial Balance | 1,182.5m EUR | 25m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.50 % | 4.50 % |
| Expected Weighted Average Lives | 1.27 years | 2.11 years |
| Closing Date | 27.03.2023 | 27.03.2023 |
| Expected Repayment Date | October 2025 | October 2025 |
| Legal Maturity Date | January 2029 | January 2029 |
| Rating (Moody´s / S&P) | AAA(sf) / AAA(sf) | Aa2(sf) / AA(sf) |
| Coupon | 1-m-EURIBOR + 0.43% p.a. | 1-m-EURIBOR + 1.30% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequenzy | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata /pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 39
| Class A | Class B | |
|---|---|---|
| Initial Balance | 709.5m EUR | 13.5m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.60% | 4.80% |
| Expected Weighted Average Lives | 1.30 years | 2.21 years |
| Closing Date | 26.06.2023 | 26.06.2023 |
| Expected Repayment Date | January 2026 | January 2026 |
| Legal Maturity Date | April 2029 | April 2029 |
| Rating (Moody's/Fitch) | Aaa(sf)/ AAA(sf) | Aa2(sf) / AA(sf) |
| Coupon | 1-m-EURIBOR + 0.42% p.a. | 1-m-EURIBOR + 1.50% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 40
| Class A | Class B | |
|---|---|---|
| Initial Balance | 709.5m EUR | 16.5m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 6.60% | 4.40% |
| Expected Weighted Average Lives | 1.36 years | 2.15 years |
| Closing Date | 25.10.2023 | 25.10.2023 |
| Expected Repayment Date | June 2026 | June 2026 |
| Legal Maturity Date | August 2029 | August 2029 |
| Rating (S&P/DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.42 % p.a. | 1-m-EURIBOR + 1.15 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- Prospectus VCL 40 (PDF, 1.8 MB)
- Press Release VCL 40 – S&P (PDF, 136.0 KB)
- Rating Report VCL 40 – S&P (PDF, 1.2 MB)
- Press Release VCL 40 – DBRS (PDF, 59.0 KB)
- Rating Report VCL 40 – DBRS (PDF, 590.0 KB)
- Final STS Notification VCL 40 (XLSX, 248.0 KB)
- Final Verification Report VCL 40 – PCS (PDF, 310.0 KB)
- Final CRR Assessment VCL 40 – PCS (PDF, 795.0 KB)
VCL 41
| Class A | Class B | |
|---|---|---|
| Initial Balance | 954m EUR | 18m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.24 years | 2.13 years |
| Closing Date | 26.02.2024 | 26.02.2024 |
| Expected Repayment Date | September 2026 | September 2026 |
| Legal Maturity Date | December 2029 | December 2029 |
| Rating (Moody's/Fitch) | AAA(sf)/ AAA(sf) | Aa2(sf) / AA+(sf) |
| Coupon | 1-m-EURIBOR + 0.46 % p.a. | 1-m-EURIBOR + 1.10 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- Prospectus VCL 41 (PDF, 3.2 MB)
- VCL 41 Rating Report - Moody's (PDF, 1.8 MB)
- VCL 41 Rating Report - Fitch (PDF, 617.0 KB)
- STS Notification VCL 41 (XLSX, 250.0 KB)
- SVI STS Verification Report VCL 41 (PDF, 419.0 KB)
- SVI CRR Assessment VCL 41 (PDF, 171.0 KB)
- VCL 41 BPC CO2 Emissons Data (XLSX, 29.0 KB)
VCL 42
| Class A | Class B | |
|---|---|---|
| Initial Balance | 954.0 m EUR | 18.0 m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.25 years | 2.15 years |
| Closing Date | 25.06.2024 | 25.06.2024 |
| Expected Repayment Date | December 2026 | December 2026 |
| Legal Maturity Date | March 2030 | March 2030 |
| Rating (S&P/DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.40 % p.a. | 1-m-EURIBOR + 0.90 % p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
VCL 43
| Class A | Class B | |
|---|---|---|
| Initial Balance | 715.5 m EUR | 13.5 m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.22 years | 2.10 years |
| Closing Date | 25.10.2024 | 25.10.2024 |
| Expected Repayment Date | April 2027 | April 2027 |
| Legal Maturity Date | July 2030 | July 2030 |
| Rating (Moody's/Fitch) | Aaa(sf)/ AAA(sf) | Aa2(sf) / AA+(sf) |
| Coupon | 1-m-EURIBOR + 0.49% p.a. | 1-m-EURIBOR + 1.25% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- Prospectus VCL 43 (PDF, 2.3 MB)
- New Issue Report VCL 43 - Moody's (PDF, 637.0 KB)
- New Issue Report VCL 43 - Fitch (PDF, 689.0 KB)
- STS Notification VCL 43 (XLSX, 247.0 KB)
- SVI STS Verification Report VCL 43 (PDF, 549.0 KB)
- SVI CRR Assessment VCL 43 (PDF, 202.0 KB)
- VCL 43 BPC CO2 Emissions Data (PDF, 72.0 KB)
VCL 44
| Class A | Class B | |
|---|---|---|
| Initial Balance | 1,192.5 m EUR | 22.5 m EUR |
| Ranking | Senior | Junior |
| Initial Credit Enhancement | 5.80% | 4.00% |
| Expected Weighted Average Lives | 1.23 years | 2.14 years |
| Closing Date | 25.02.2025 | 25.02.2025 |
| Expected Repayment Date | September 2027 | September 2027 |
| Legal Maturity Date | December 2030 | December 2030 |
| Rating (S&P/DBRS) | AAA(sf)/ AAA(sf) | AA(sf) / AA(low)(sf) |
| Coupon | 1-m-EURIBOR + 0.49% p.a. | 1-m-EURIBOR + 0.90% p.a. |
| Issuance Price | 100% | 100% |
| Denomination | 100,000 EUR | 100,000 EUR |
| Payment Frequency | monthly | monthly |
| Redemption | sequential / pro rata / pass through | sequential / pro rata / pass through |
| Form | Registered Notes (Reg S) | Registered Notes (Reg S) |
| Listing | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
Download Main Documents
- Prospectus VCL 44 (PDF, 2.2 MB)
- New issue report VCL 44 - S&P (PDF, 1.3 MB)
- New issue report VCL 44 - DBRS (PDF, 322.0 KB)
- STS Notification VCL 44 (XLSX, 274.0 KB)
- SVI STS Verification Report VCL 44 (PDF, 557.0 KB)
- SVI CRR Assessment VCL 44 (PDF, 190.0 KB)
- VCL 44 BPC CO2 Emissions Data (PDF, 223.0 KB)
Download Investor Reports
More information about Volkswagen Leasing GmbH
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