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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
VW
Volkswagen Financial Services NVCHF600
2EMEA
Jan 16, 2024
currency
CHF
size (m)
300.000
maturity
Feb 12, 2027
type
Fixed
tenor
3.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+110-120
ipt-pxd
-
guidance
MS+110-115
spread
110
coupon
2.2075%
spread set
-
price
100.00000
yield
2.208%
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
5
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
5
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
CHF
size (m)
300.000
maturity
Feb 12, 2030
type
Fixed
tenor
6.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+140-150
ipt-pxd
-
guidance
MS+135-140
spread
135
coupon
2.4925%
spread set
-
price
100.00000
yield
2.492%
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
5
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
5
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
3 yr: Book size: 300; Comments: CHF300m (upsized from CHF200m) 3yr green bmk public snr unsec. A3/BBB+. BNPP/CMZ/DB. IPT MS+110/+120. Guidance MS+110/+115 for min 200m each. Set MS+110 for 300m each. Final Govt+127 2.2075%. PP: Yes. LEI: 529900ZTQC8D1TW6BL41. Distribution: Switz 100%. AM 55%, Bks/PB/Tsy 36%, Ins 5%, PF 4%; 6 yr: Book size: 300; Comments: CHF300m (upsized from CHF200m) 6yr green bmk public snr unsec. A3/BBB+. BNPP/CMZ/DB. IPT MS+140/+150. Guidance MS+135/+140 for min 200m each. Set MS+135 for 300m each. Final Govt+171 2.4925%. PP: Yes. LEI: 529900ZTQC8D1TW6BL41. Distribution: Switz 100%. AM 46.25%, Bks/PB/Tsy 36%, Ins 11.5%, PF 6.25%;
Deal Comments
Green Public Bond
Guarantor(s)
Volkswagen Financial Services AG
Use of Proceeds
Refinancing

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