Nissan Motor Acceptance Corp is preparing to issue $750 million of securities backed by auto lease, according to a deal document.
The notes will be issued from Nissan Auto Lease Trust. The series 2015-A will include four tranches of triple-A rated, class A notes; the A2 class will be split to offer floating and fixed rate notes.
Moody’s Investors Service and Fitch Ratings have been hired to rate the deal. JP Morgan and RBC Capital markets are the lead underwriters.
Nissan last priced a securitization of its lease receivables in June 2015. The pool was comprised of vehicle leases on new Nissan and Infiniti brand vehicles with a weighted average FICO of 741.