Volkswagen Financial Services NV (VW)

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Volkswagen Financial Services NV (VW)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	VW	Volkswagen Financial Services NV	£350		1	EMEA	Apr 6, 2022

Tranche #1Volkswagen Financial Services NV

currency

GBP

size (m)

350.000

maturity

Apr 13, 2027

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+195-200

ipt-pxd

guidance

G+185 a

spread

180

coupon

3.25%

spread set

price

99.50200

yield

3.36%

book size (m)

925

peak book (m)

x-covered

2.64

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

925

peak book (m)

x-covered

2.64

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 925; Registration: Reg S Only; Comments: GBP350m 5yr bmk snr unsec RegS. A3/BBB+. Citi/RBC. IPT G+195/+200 vs 1.25% 7/27, guidance G+185 area for exp 300-350m, launch 350m @G+180, bks >925m @guidance. Gilt mid 98.572 / bid 98.552). HR 91. FTT 4pm. LEI: 529900ZTQC8D1TW6BL41;

Guarantor(s)

Volkswagen Financial Services AG

Use of Proceeds

General Corporate Purposes

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