Volkswagen double takes 2017 total over €17bn
Volkswagen Leasing brought its second euro corporate bond deal of 2017 on Monday. The €2.25bn dual tranche offering took Volkswagen’s total issuance this year to €17.25bn. This is more than twice as much as General Electric, the next highest issuer by volume.
Volkswagen Leasing sold a €3.5bn triple tranche deal, including two floating rate tranches, in June. Volkswagen International Finance also sold €3.5bn of hybrids earlier that month, following an €8bn return in March after 18 months away from the market due to the company’s emission test scandal.
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