Under the aegis of UBS, Zürcher Kantonalbank and Bank J. Safra Sarasin, AMAG Leasing AG has issued a senior unsecured bond with a volume of CHF 250 million and a term to maturity of six years.

This represents another instance of AMAG Leasing AG successfully placing a bond on the Swiss capital market. The issue volume of CHF 250 million was achieved within a short space of time. The bond has a term to maturity of six years and a coupon of 1.875%.

Under the aegis of Zürcher Kantonalbank and Raiffeisen, AMAG Leasing AG has issued a senior unsecured bond with a volume of CHF 100 million and a term to maturity of four years.

This represents another instance of AMAG Leasing AG successfully placing a bond on the Swiss capital market. The issue volume of CHF 100 million was achieved within a short space of time. The bond has a term to maturity of four years and a coupon of 1.625%.

A representative study carried out by the GfK research institute on behalf of the AMAG Group has shown that the car will continue to play the most important role when it comes to personal mobility in the future. Cars will continue to evolve, however, and 63% of respondents report that “renewable mobility” (i.e. mobility that uses renewable energy sources and generates as few greenhouse gas emissions as possible in the three phases of production, use and recycling) is important to them. That’s why AMAG is backing electromobility and offering a wide range of new models from every brand. The purchase costs for the first models are already on a par with those for a comparable vehicle with a combustion engine. AMAG is also adding appealing new offers to the amenities of electromobility, such as an unmatched charging rate of 28 cents per kWh that applies everywhere in Switzerland. This makes getting started with electromobility particularly affordable with used vehicles.

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Under the aegis of Zürcher Kantonalbank, Luzerner Kantonalbank and Raiffeisen (as co-managers), AMAG Leasing AG has issued an auto covered bond with a volume of CHF 100 million and a term to maturity of four years.

This represents another instance of AMAG Leasing AG successfully placing a bond on the Swiss capital market. The issue volume of CHF 100 million was achieved within a short space of time. The bond, which is secured using leasing receivables, has a term to maturity of four years and a coupon of 1.7%. Fitch assigns the AMAG Leasing AG auto covered bonds a rating of AAA.

In its most recent sustainability report, the AMAG Group shows why a combination of sustainable mobility and renewable energy (“renewable mobility”) provides an answer to the multifaceted challenges associated with the future of mobility.
As Switzerland’s largest automotive company, the AMAG Group is aware of its responsibility towards both the environment and society. In addition to its import, trading and service arms, in recent years the company has increasingly evolved into a service provider for personal mobility solutions. In this context, the AMAG Group undertakes to operate in a sustainable manner and assume responsibility in all of its new and existing lines of business, and hopes to become a leading provider of sustainable personal mobility.

Renewable mobility – the road to net zero
The mobility needs of the Swiss population have been growing for years. At the same time, however, the mobility sector is also one of the biggest greenhouse gas emitters in Switzerland. The constant growth in the number of purely electric vehicles (BEVs) sold is combating rising emission levels. And to round out the picture, there’s the corresponding charging infrastructure, energy from renewable sources, and low-emission supply chains and recycling facilities. New solutions are required in order to achieve AMAG’s self-imposed target of reaching net zero by the year 2040. The AMAG Group refers to this solution as “renewable mobility” – a combination of sustainable mobility and renewable energy. This includes the use of electric vehicles charged using electricity from renewable sources, low-emission production and delivery, the use of synthetic fuels, and needs-based forms of mobility such as subscription models. The AMAG Group is using all of these measures to make a significant contribution to protecting our climate and improving quality of life.

The AMAG ecosystem
The desire to make it as easy as possible for customers to switch to renewable mobility is at the centre of the AMAG Group’s vision. After all, renewable mobility should not just benefit the environment, but should also bring benefits for people. To achieve this objective, it is essential that the entire AMAG ecosystem works in sync. The Volkswagen Group’s decision to open gigafactories in Europe to produce battery cells will not only shorten supply chains; it will also guarantee high-quality and sustainable production. The AMAG Group is also working with the Volkswagen Group in the important field of battery recycling. In addition to low-emission production, delivery and recycling, another essential pillar of renewable mobility is running electric cars in an environmentally friendly way. With the steady expansion of solar electricity generation by Helion Energy AG for its own operations, fleet and private customers, the AMAG Group has established itself as a strong and active driving force behind the energy transition in Switzerland. AMAG is equally committed to expanding the charging infrastructure. The charge:ON charging card solution from Helion Energy AG can now be used at over 13,000 charging points in Switzerland and more than 400,000 abroad.

Sustainability in action in all business lines
The AMAG Group puts sustainability into action both internally and in its collaboration with strong partners on the basis of the principles of AMAG Net Zero, AMAG Engage and AMAG Fairplay. These make sustainable change both measurable and visible.
The AMAG Group has defined the central thrust of its climate strategy with its quest to achieve net zero. This focus area centres on systematically reducing emissions and promoting renewable energy. More than 18,000 electric vehicles were sold in 2023, and more than 1,400 PV systems were installed in partnership with Helion in order to be able to supply the power for more than 30,000 electric vehicles.
The focus of the “engage” principle is on people and society. Hiring and developing well-trained and motivated employees is a key factor behind the AMAG Group’s success. With 18 job profiles and around 800 apprentices, AMAG has already been extremely successful when it comes to vocational training. The proportion of women in the company is also steadily on the rise – both in management and within the workforce as a whole.
As digitalisation picks up speed and regulatory requirements become more stringent, companies are having to meet ever-higher demands in terms of good corporate governance. AMAG is specifically addressing this trend in the “fair play” focus area, which addresses the topics of compliance and regulatory requirements, occupational health and safety, cybersecurity, and data protection. Targeted training sessions and information campaigns were organised in all departments in 2023, successfully protecting the AMAG Group.

In the 2023 financial year, AMAG Leasing AG maintained the profitable growth it has achieved in recent years, and generated a pre-tax profit of CHF 116.7 million.

A record volume of new financing amounting to CHF 2.4 billion (+6.3%) was recorded. This was mainly due to an increasing number of supply chains that are functioning again, which improved the vehicle output of the plants, as well as higher average financing amounts per contract. The share of the total financing volume accounted for by electric vehicles rose again to 35.2%.

The fleet business, with a portfolio volume of CHF 332.8 million, was transferred to movon AG as of 1 January 2023. Nevertheless, the leasing portfolio grew by another 5.9% to CHF 5.1 billion, and comprised 181,915 active contracts at the end of the year.

With interest rates volatile, AMAG Leasing AG was able to successfully place an issue volume of CHF 1.1 billion on the capital market for the first time.

AMAG Leasing is also making progress on becoming a leading financial services provider for sustainable personal mobility by adding fully comprehensive insurance for new vehicles and payment protection insurance to its range of insurance products that can be incorporated into leasing arrangements..

Expansion of insurance offerings: In partnership with Volkswagen Financial Services Schweiz AG (VWFS) and AXA Versicherung AG (AXA), AMAG Leasing AG has launched LeasingPLUS Care instalment insurance. This enables customers to insure their continued payment of leasing instalments - both in the event of total incapacity to work due to illness or accident and in the event of unemployment through no fault of their own. Instalment insurance is an attractive way for customers to mitigate the financial risks associated with loss of earnings due to unforeseeable events. For AMAG Leasing AG, this expansion of its all-inclusive offering is a further building block in its development into a leading financial services provider for individual and sustainable mobility.

Volkswagen Financial Services AG and AMAG Leasing AG are working together to further expand the fleet business. Volkswagen Financial Services AG has acquired a 50 per cent stake in movon AG, a subsidiary of AMAG Leasing AG. The focus of movon AG is on fleet leasing and full-service solutions for business customers. Approval has already been granted by WEKO.

The fleet leasing business, like the entire mobility sector, is undergoing a period of transformation. In order to meet the changing needs of business customers, AMAG Leasing AG founded the subsidiary movon AG in February 2023. The focus is on the leasing business for fleet customers and a comprehensive range of fleet services from a single source. In addition to financial services, which include finance leasing, maintenance leasing and full-service leasing, business customers can also take advantage of other services. These range from fuel card and claims management to charging solutions and the installation and financing of sustainable energy systems for the corresponding electrically powered fleet vehicles.

Together with Volkswagen Financial Services AG, movon AG will drive forward the expansion of the product and service portfolio for business customers. In addition, the joint venture with Volkswagen Financial Services AG will also generate synergies in the area of system landscapes. In addition, digital fleet management and reporting systems will be further developed and digital tools for business customers and dealers will be set up.

"We are delighted to be working together with Volkswagen Financial Services AG through the joint venture and to be able to benefit from their international experience. Together, we will continue to expand our range of products and services and align them even more closely with the needs of modern vehicle fleets," says Sergio Calabrese, Managing Director of movon AG. Sven Kunath, Senior Vice President Fleet Europe at Volkswagen Financial Services AG: "Our goal is to become one of the largest European fleet providers. To achieve this, we must offer our customers the highest level of services in all markets. With the new joint venture, we are emphasising these ambitions and will further expand our position in Switzerland."