VW Gears Up For Debut In China

By Graham Bippart
10 Feb 2014

Volkswagen has mandated HSBC and China International Capital Corporation as lead managers on Driver China One, its inaugural securitization of Chinese auto loans.

--Joe McDevitt

Volkswagen has mandated HSBC and China International Capital Corporation as lead managers on Driver China One, its inaugural securitization of Chinese auto loans. 

The deal is backed by loans to Chinese borrowers purchasing VW Group brand vehicles. It will offer investors fixed-rate bonds denominated in renminbi that ...

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