ALBIS Mobil Lease GmbH, UTA Leasing GmbH, and Kögel Leasing GmbH plan to issue up to €147.23 million ($196.2 million) backed by leases and hire purchase receivables.
The underlying lessees are commercial entities predominantly from the German small and midsize enterprise (SME) sector. This is the originator's third public securitization transaction. The issuer was last in the market in February 2012 with TruckLease's Compartment No. 2.