Volkswagen plans three-part offering of senior green bonds

By Marisa Wong

Los Angeles, Sept. 18 – Volkswagen Leasing GmbH plans to price senior green bonds with 2.5-, 5.5- and eight-year tenors, according to a notice.

Parent company Volkswagen Financial Services AG will be the guarantor.

The bonds are talked in the mid-swaps plus 120 basis points area, mid-swaps plus 170 bps area and mid-swaps plus 195 bps area, respectively.

Deutsche Bank, ING, IMI – Intesa Sanpaolo, SEB and Societe Generale are the managers for the inaugural issue.

Volkswagen Financial is the financing arm of Volkswagen, an automotive manufacturer based in Wolfsburg, Germany.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.