VW Bank back with a bang

VW logo 230x150
By Nigel Owen
07 Dec 2017

Volkswagen Bank GmbH sold sold its first bond for more than three years this week. The banking services subsidiary of German car manufacturer Volkswagen printed a €2bn triple-tranche deal on Wednesday.

VW Bank’s parent has been a frequent issuer in euros in 2017, but VW Bank was a frequent issuer of floating rate notes up until 2014, and it included a 3.5 year FRN in the package it sold on Wednesday. The A3/BBB+ rated company also offered 5.5 and ...

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