VW Bank sells Driver 1 auto loan bond -banker


LONDON, Nov 24 (Reuters) - Volkswagen Bank late on Tuesday sold a 1.2 billion euro bond backed by auto loans, the debut deal on Germany's True Sale Initiative platform, a banker familiar with the sale said on Wednesday. The deal included 400 million euros of class A1 notes, rated triple-A by Moody's Investors Service and Fitch Ratings, with a weighted average life of 0.58 years, priced at par with a coupon of 6 basis points over one-month Euribor, the banker said. Further, there are 760 ...

Premium Content (PAID Subscription Required)

"VW Bank sells Driver 1 auto loan bond -banker" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×