Although BMW was the first issuer to re-open the European corporate market with its Norwegian krone debut via Fortis and ING on Monday, all eyes are on Volkswagen Financial Services AG, which is expected to issue the first euro denominated benchmark from a corporate borrower since early July. Volkswagen ended a roadshow yesterday (Thursday) for its eagerly awaited offering through Barclays Capital, Commerzbank and SG. An investor conference call has been rescheduled until after the UK holiday weekend and is now due to take place on Tuesday afternoon, with launch expected soon after.
August 23, 2002
