Mercedes-Benz Auto Lease Trust has sold $1.09 billion of debt backed by auto leases, The Wall Street Journal reports. The initially planned size of the deal was $750 million.

The $372 million tranche was offered at 30 basis points over Eurodollar synthetic forward or EDSF, a benchmark. Other companies, which have sold asset-backed debt, include Ford Motor, Redwood Trust, Honda Moto and Church’s Chicken.

Click here for the story from The Wall Street Journal.