Volkswagen $2.8 billion four tranche Yankee bond issue

29/5/2015

Investment grade bond/note issue

Value:

€ 2.8 billion

Status:

Announced

Date:

29/5/2015

Overview:

Volkswagen issued a $2.8 billion bond in four tranches of senior notes.
The four tranches were $1 billion 1.650% notes maturing 2018, $750 million 2.4% notes maturing 2020, $750 million floating rate notes maturing 2016, and $300 million floating rate notes maturing 2018.
Volkswagen Group of America Finance, the group's debt vehicle for US transactions, issued the notes.

Ben Naylor - Regional editor

Jurisdictions:

United States
Germany

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
United States
Germany

Industry sector:

Automotive

Firms:

Clifford Chance

Party: Volkswagen AG St ON (Issuer)

Party: Volkswagen Group of America Finance (Issuer)

Lawyers: Christof-Ulrich Goldschmidt (retired), George Hacket, Stewart Dunlop (retired)

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