Reuters logo
Volkswagen marketing sterling dual-tranche bond deal
April 5, 2017 / 7:58 AM / 8 months ago

Volkswagen marketing sterling dual-tranche bond deal

LONDON, April 5 (IFR) - Volkswagen Financial Services is marketing a dual-tranche sterling-denominated benchmark bond deal, according to a source.

Initial price thoughts for the four-year tranche are UKT plus 135bp and for the eight-year piece UKT+155bp.

Bookrunners are Barclays, Goldman Sachs and HSBC.

The deal is expected to price later today.

The issuer is rated A2/BBB+ by Moody’s and S&P.

The upcoming deal will follow Volkswagen International Finance’s four-tranche €8bn deal issued last month.

Reporting By Laura Benitez; editing by Sudip Roy

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below