Walder Wyss advises Cembra on CHF 275m securitisation of auto leases

Cembra Money Bank has closed last May 2023 an auto lease securitization transaction involving the issuance by Swiss Auto Lease 2023-1 (the Issuer) of a CHF 275 million floating rate senior asset backed loan note with an optional redemption date in 2026.

Walder Wyss advised Cembra on the overall structuring and all Swiss legal tax and VAT aspects of this transaction. The firm acted as Swiss drafting counsel. The team included partners Lukas Wyss (pictured left) and Johannes A. Bürgi (both finance, pictured right), Thomas Meister (partner, tax), Jan Ole Luuk  (counsel, VAT), senior associates Anaëlle Genoud and Roger Hofer (both finance), Joelle Lötscher (trainee, finance) and David Vasella (partner, data protection).