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Volkswagen bond seen at swaps+ 65-70 bps this wk

LONDON, Aug 27 (Reuters) - German carmaker Volkswagen plans to price a benchmark bond to yield 65 to 70 basis points over the swaps curve at the end of the week, a syndicate official at lead manager Commerzbank said on Tuesday.

The bond is expected to have a 5.5 year maturity, Mark Soper, syndicate official at Commerzbank told Reuters.

The exact size has yet to be decided but sources said last week that the transaction would total around one billion euros.

Barclays Capital, Commerzbank Securities and SG Investment Banking have been mandated to lead manage the issue.