VW 2011 bond tap seen at swaps +72 bps - source


LONDON, July 28 (Reuters) - Volkswagen Financial Services AG, a unit of carmaker Volkswagen AG , will price its planned increase of its 4.75 percent bond due July 2011 at 72 basis points over mid-swaps, said a source close to the deal on Wednesday. The 250 million euro sale will raise the size of the issue to one billion euros and is expected to be launched on Wednesday. ABN AMRO, Calyon, DZ Bank and HSBC are managing the increase for VW Financial Services, rated A3 by Moody's Investors ...

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