BMW Financial and Mercedes-Benz priced a combined $3 billion of securities backed by luxury auto lease receivables this week.

The $1 billion BMW Vehicle Lease Trust 2015-1 issued its triple-A rated, 2.04-year A3 tranche at swaps plus 40 basis points, while the 2.4-year A4 class was sold at swaps plus 37 basis points, according to a pricing document.

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