BMW Financial Services filed a registration statement on Friday, with the U.S. Securities and Exchange Commission to issue an auto lease-backed securitization deal.
The deal will be backed by a portfolio of sale contracts secured by BMW passenger cars, BMW light trucks, BMW motorcycles, MINI passenger cars and Rolls-Royce passenger cars.
The capital structure will include, class A-1, class A-2, class A-3 and class A-4 notes, according to the document. The registration did not list the size of the tranches.
BMW was last in the market with in January with a $1billion auto lease securitization deal.
