Volkswagen proves sterling is still in a good place

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Volkswagen proves sterling is still in a good place

Nigel Owen
February 01, 2019 02:30 PM
Volkswagen London
A Volkswagen Beetle on stage during the London Cartel International Auto Show, at the South of England Showground, West Sussex, where over 2000 classic and retro cars are being showcased. | Gareth Fuller/PA Wire/PA Images

After National Grid’s 16 year sterling corporate bond deal was more than six times oversubscribed on Tuesday and BMW found huge demand for a €3bn euro deal on Thursday, Volkswagen Financial Services tested the sterling market on Friday and found demand just as strong.

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