Volkswagen Finance S.A., E.F.C. is selling €750 million in bonds in its fourth public securitization of auto loans extended to borrowers purchasing VW Group vehicle models in Spain.

The transaction, Driver España Four, is backed by a €750 million discounted portion of the collateral pool of 110,274 loans with an aggregate outstanding balance of €1.25 billion, according to presale reports issued by Moody’s Investors Service and DBRS. 

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