International has completed a €280m vehicle leasing securitisation
transaction.
This is believed to be the first large scale securitization in
the CEE since the beginning of 2008, and is considered by pundits
to be a success considering it takes place against the backdrop of
the credit crunch.
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“The successful closing of this transaction is remarkable – in
particular in the light of the current market environment – and
shows that investors acknowledge that we use superior risk
standards in our markets and, therefore, our portfolios are very
well received by the markets”, said Herbert Stepic, CEO of
Raiffeisen International.
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