Volkswagen unlikely to make use of convertible bond

Newswire

HAMBURG, March 24 (Reuters) - Volkswagen may have no more immediate need for a convertible bond following its massive rights issue scheduled to run through early April, the largest in Germany's history in terms of volume. "We always clearly communicated that we wanted to cover a capital need of about 4 billion euros ($5.38 billion). And we're doing that now," a spokesman for VW said. The request for shareholder approval of a debt issue that would be convertible into as many as 40 million ...

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