Volkswagen Bank said today that it sold two tranches from its Driver Thirteen, a German auto loan securitization, at the lower end of price talk.

The 1.9-year, ‘AAA’ rated €691 million ($791 million) tranche A was sold at 25 basis points over one month Euribor. The 2.4-year, ‘A’ rated €25 million class B notes priced at 65 basis points over one month Euribor, according to a company press release. DBRS rated the deal.

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