Volkswagen upsized its auto lease securitization to $1.45 billion from $1 billion and priced the notes, according to a pricing document.

Fitch Ratings assigned preliminary ratings to four classes of notes to be issued by Volkswagen Auto Lease Trust 2015-A. The issuer paid a yield of .25% on $241 million of  ‘F1’  rated money market  notes.  At the ‘AAA’ level, $225 million of 1.20 year, class A2 notes priced at 32 basis points over the Eurodollar synthetic forward, $447 million of 1.20 year class A2B priced at 32 basis points over one month Libor notes.

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