Volkswagen is preparing to issue a new auto ABS deal with fixed-rate notes called Private Driver 2010-1.

The Germany-based company began showing the deal earlier in the week, according to published reports. It will comprise a Class A note (€550 million ($700.970 with 2.7-year weighted average life), a Schuldschein (German promissory notes) piece and a Class B tranche.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.