Volkswagen AG has priced its €930 million ($1.23 billion) German auto loan securitization called VCL 15.

The deal priced the tranche A notes with an average life of 1.3 years yield at 53 basis points over the one month Euribor. The notes were initially talked at 55 basis points  for the notes according to a report from Informa Global Markets.

Also marketing this week is a new U.K. RMBS deal from Barclays' Gracechurch series. The Capital structure includes a yet to be sized , A1, 'AAA' tranche with a legal final maturity of February 2017, according to a Bloomberg report. The A2 tranche, has also not been sized.  The deal is expected to price early next week, according to the report.

Barclays is the sole arranger on the deal. The bank, along with JPMorgan, are acting as joint bookrunners on the transaction. 

 

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