Volkswagen Bank brings first foreign corporate bond in roubles

By Jon Hay
26 Jun 2014

Volkswagen Financial Services has launched its first rouble bond, raising Rb5bn (€109m) and furthering its strategy of raising finance for its lending in local markets.

Volkswagen’s customer finance arm, which has operations all over the world, likes where possible to borrow in the local currency in which it lends, creating natural hedges for its currency exposure without the need for derivatives.

VWFS has obtained ratings for a Rmb800m car loan securitisation in the ...

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