Bumper 10

The Bumper 10 securitisation transaction closed on 15 February 2018, whereby EUR 653 million of lease receivables and residual value receivables originated by LeasePlan France S.A.S. were sold to Bumper 10.  Bumper 10 is a bankruptcy remote FCT (fonds commun de titrisation) constituted for the purpose of the Bumper 10 transaction under the laws of France.

The debt securities issued on 15 February 2018 are divided into Class A Notes (EUR 483.2 million), Class B Notes (EUR 40.8 million) and Class C Notes (EUR 129 million).  The Class A Notes and the Class B Notes are listed on the Luxembourg Stock Exchange. At closing, the Class A Notes were rated Aaa (sf) by Moody's and AAA (sf) by DBRS at closing. The Class B Notes were rated Aa3 (sf) by Moody's and AA (sf) by DBRS.

The current rating for the Class A Notes is Aaa (sf) by Moody's and AAA (sf) by DBRS and for the Class B Notes Aa3 (sf) by Moody's and AA (sf) by DBRS.