Vw Hybrid Bond
Vw s hybrid subordinated debt offers a cheap non dilutive way to firm up the capital base.
Vw hybrid bond. Bought volkswagen ag s short dated hybrid bonds betting sharp declines in the debt following an emissions rigging scandal at the german automaker were excessive. Have issued eur 2 75 billion in hybrid bonds. World leading germany based car manufacturer volkswagen ag and its affiliate volkswagen international finance n v. Today the volkswagen group successfully placed its first green bonds with a volume of 2 billion in the market.
Today the volkswagen group successfully placed its first green bonds with a volume of 2 billion in the market. Volkswagen began marketing a hybrid bond on wednesday in the german carmaker s first attempt to issue the riskier class of debt since its emissions scandal broke in september 2015. Volkswagen ag does not claim ownership of third party websites accessible via links and is not responsible for their content. The perpetual non call 5 5 year bond sized at 1 5 billion will price at a yield of 2 75 and a 2.
Volkswagen has no influence on the data that. This is the first issuance based on the. He has proved vw is back as a major bond issuer in dollars as well as euros. London march 22 ifr volkswagen could return to the european hybrid bond market in the second half of the year the company s head of group treasury said on an investor call on wednesday.
The bonds consist of two tranches one tranche with an aggregate principal amount of eur 1 25 billion with a first call date in december 2024 and another tranche with an aggregate. Reuters reported that volkswagen has set final terms for a 3 5 billion dual tranche hybrid bond. Investors showed considerable interest including both international and specialized green bond investors. Please contact your local bank if you have any questions.
Eur 1 25 billion hybrid. It certainly needs the. Indicative bond and international bond quotes by cbonds are calculated based on the methodology. The end result of the methodology is a single end of day cbonds quote which is based on bid and ask data of various trading floors and contributors working with this asset.
Investors showed considerable interest including both international and specialized green bond investors.