Volkswagen pays to pass €3.5bn triple tranche test

By Nigel Owen
29 Jun 2017

On Thursday, Volkswagen Leasing became the second German auto related issuer to print a triple tranche this week. However, it opted for shorter tenors than Daimler had on Monday.

Daimler had surprised the market with a 20 year tranche as part of its three tranche offering, but Volkswagen stuck to more regular maturities when it announced a benchmark two year and four year floating rate notes and a 7.5 year fixed rate tranche.

Lead managers Barclays, ...

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