VW announces dual-tranche euro hybrid bond


By Josie Cox LONDON, Aug 29 (IFR) - Volkswagen is preparing to print a dual-tranche euro hybrid bond consisting of non-call five-year and a non-call ten-year securities, a banker on the deal said on Thursday. The German car maker, rated A3/A- on a senior level, is expected to receive 50% equity credit from both Moody's and Standard & Poor's for the bonds, which will be perpetual and subject to coupon step-ups every five and ten years respectively. They are ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×