Bumper 9

The Bumper 9 transaction closed on 13 July 2017, whereby EUR 700 million of lease receivables and residual value receivables originated by LeasePlan Nederland N.V. (the “Originator”) are sold to Bumper 9 (NL) Finance B.V., a bankruptcy remote special purpose company, incorporated for the purpose of securitisation transactions under the laws of the Netherlands.

The debt securities issued on 13 July 2017 are divided into Class A Notes (EUR 542.5 million) and Class B Notes (EUR 31.5 million), which are listed at Euronext Amsterdam. A Subordinated Loan (EUR 126.0 million) is provided by the Originator. The Class A Notes were rated Aaa (sf) by Moody's and AAA (sf) by DBRS at closing. The Class B Notes were rated Aa2 (sf) by Moody's and AA (sf) by DBRS at closing.

 

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 Aa2 (sf) by Moody's and AA (sf) by DBRS.

   

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