VW cruises into the market with 1.5 bln euro bond

Newswire

By Alex Clelland LONDON, Aug 29 (Reuters) - German automaker Volkswagen launched a larger than expected 1.5 billion euro deal on Thursday in its biggest ever single-tranche bond sale, the lead managers said. Bankers said other corporate issuers would monitor the transaction, which re-opened the European corporate bond market after a traditional summer lull, and use it as a barometer to decide whether to follow Volkswagen. The new bond, managed by Barclays Capital, Commerzbank ...

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