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	£450		1	EMEA	Sep 12, 2023

Tranche #1Volkswagen Financial Services NV

currency

GBP

size (m)

450.000

maturity

Sep 18, 2027

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+215 a

ipt-pxd

guidance

spread

200

coupon

6.50%

spread set

price

99.76900

yield

6.463%

book size (m)

815

peak book (m)

x-covered

1.81

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

815

peak book (m)

x-covered

1.81

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 815; Registration: Reg S Only; Comments: GBP450m bmk 4yr snr unsec RegS. A3/BBB+. Barc(B&D)/StCh. IPTs UKT 1.25% Jul 2027 +215 area, set UKT+200, launch 450m. Books subj 815m+ pre-rec (peak 875m+). UKT 1.250% 07/2027 @ 88.730 mid / 88.720 bid (HR 108%). FTT:3:15pm. LEI: 529900ZTQC8D1TW6BL41;

Guarantor(s)

Volkswagen Financial Services AG

Use of Proceeds

General Corporate Purposes

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