VW Bank sells €2.5bn deal as it awaits MREL quota

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VW Bank sells €2.5bn deal as it awaits MREL quota

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The Volkswagen logo shines at the Volkswagen plant in the light tunnel for the final inspection in Wolfsburg, Germany, 25 February 2013. Photo: Jochen Lübke | Jochen Lübke/DPA/Press Association Images

Volkswagen Bank started its funding for 2019 with a hefty four tranche deal on Thursday that will contribute to its minimum requirement of own funds and eligible liabilities (MREL) when the German regulator decides what that should be.

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