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Volkswagen takes the TSI platform out for a second spin

Volkswagen AG issued its second securitization via the new True Sale Initiative securitization platform established by 13 banks and the True Sale International GmbH (see ASR 12/6/04). The 1 billion ($1.2 billion) Driver 2 transaction led by BNP Paribas and WestLB includes a three-year revolving period - a feature...

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