Swiss Auto Lease 2020-1 GmbH issues asset-backed notes arranged by Credit Suisse

Niederer Kraft Frey advised Credit Suisse AG as Arranger and Credit Suisse AG together with Deutsche Bank AG, London Branch and Zürcher Kantonalbank as Joint Lead Managers in connection with the issuance by Swiss Auto Lease 2020-1 GmbH of CHF 250,000,000 0.000 per cent. asset-backed Notes due 2030. The Notes which are backed by a portfolio of Swiss auto lease assets originated by Cembra Money Bank AG are listed on the SIX Swiss Exchange. The transaction closed on 23 March 2020.

The NKF team was led by Capital Markets partner Daniel Bono, working with partner Markus Kronauer (Tax) and senior associate Christine Hohl (Capital Markets, Banking & Finance).