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ISIN Update: German Car Company Prices Dual Tranche Deal

April 9, 2015International Securities Identification Numberjay

ISIN.net news update profiles international car company based out of Germany, Volkswagen (ISIN Code: DE0007664039) priced a dual tranche deal on Tuesday, April 7, 2015. This update is courtesy of Reuters.

Following are terms and conditions of a dual tranche deal priced on Tuesday.

Borrower Volkswagen Financial Services AG

* * * *

Tranche 1

Issue Amount 500 million euro

Maturity Date October 16, 2017

Coupon 3-month Euribor + 25bp

Reoffer price Par

Discount Margin 3-month Euribor + 25bp

ISIN XS1216646825

* * * *

Tranche 2

Issue Amount 750 million euro

Maturity Date October 14, 2021

Coupon 0.75 pct

Reoffer price 99.938

Yield 0.76 pct

Spread 40 basis points

Underlying govt bond Over Mid-swaps

ISIN XS1216647716

* * * *

Common terms

Payment Date April 14, 2015

Lead Manager(s) Credit Agricole CIB, HSBC & UniCredit

Ratings A2 (Moody’s) & A (S&P)

Listing Lux

Full fees Undisclosed

Denoms (K) 1

Governing Law German

Notes Launched under issuer’s EMTN programme

 

Security details and RIC, when available, will be on customers can right-click on the code for performance analysis of this new issue for ratings information, double click on for all bonds data, double click on for Top international bonds news for news about this issuer, double click on the issuer RIC, where assigned, and hit the newskey.

Tags: Dual tranche deal, German Car Company, germany, International Securities Identification Number, isin, ISIN Code, ISIN.net, reuters, Volkswagen, VW

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