Securitization increase on cards for VW Brasil

Securitization increase on cards for VW Brasil

Structured Finance

Banco Volkswagen, which has sold two Driver Brasil securitizations, hopes to increase the proportion of ABS in its funding program, the firm’s head of treasury has told LatinFinance. Securitization makes up about 13% of the Brazilian car financing firm’s funding portfolio, Herbert de Souza said. The firm would like to increase that: “Our aim is to achieve one third of our source of funding coming from securitization,” he said. Local market bonds – letras financeiras – as well as certificates of

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