VW bond seen offering safe ride in auto sector

Newswire

By Alex Clelland LONDON, Aug 27 (Reuters) - German automaker Volkswagen's planned benchmark bond, expected this week, will offer investors a safe ride in a sector dominated by the volatile Big Three auto giants, bankers said on Tuesday. Volkswagen plans to price a bond for around one billion euros at the end of the week via Barclays Capital, Commerzbank Securities and SG Investment Banking. The deal will mark the re-opening of the euro corporate bond market after its seasonal lull. ...

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