Debt Issuance Programs are covering several issues on a roll over basis. The contractual program amount of such a program may not necessarily be identical with the current utilization. Despite the use of standardized documentation for each transaction, there is the greatest flexibility as to the terms and conditions of a particular issue.
The Volkswagen Group has various Debt Issuance Programs in different countries and currencies. Please find below the key characteristics of the largest Debt Issuance Programmes.
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EUR 30.0bn Debt Issuance Programme
Issuers: Volkswagen Aktiengesellschaft
Volkswagen International Finance N.V. (guaranteed by Volkswagen AG)
VW Credit, Inc. (guaranteed by Volkswagen AG)
VW Credit Canada, Inc. (guaranteed by Volkswagen AG)
Volkswagen International Luxemburg S.A. (guaranteed by Volkswagen AG)
Volkswagen Group of America Finance, LLC (guaranteed by Volkswagen AG)
Porsche Holding Gesellschaft m.b.H. (guaranteed by Volkswagen AG)
Program amount: Euro 30.0 billion
Arranger: Barclays
Dealer: Barclays
BayernLB
BNP PARIBAS
BofA Merrill Lynch
Crédit Agricole CIB
Citigroup
Commerzbank
Danske Bank A/S
Deutsche Bank
Goldman Sachs International
HSBC
J.P. Morgan
Landesbank Baden-Würtemberg
Mizuho
RBC Capital Markets
Société Générale Corporate & Investment Banking
The Royal Bank of Scotland
TD Securities
UniCredit Bank
Issues: public, syndicated and private placements
Paying agent: Citibank, N.A
Base ProspectusEUR 30.0bn DIP2015-05-08 1. SupplementEUR 30.0bn DIP2015-08-05
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EUR 15.0bn Multi-Currency Commerial Paper Programme
Issuers: Volkswagen Aktiengesellschaft
Volkswagen International Finance N.V. (guaranteed by Volkswagen AG)
Volkswagen International Luxemburg S.A. (guaranteed by Volkswagen AG)
Porsche Holding Gesellschaft m.b.H. (guaranteed by Volkswagen AG)
Volkswagen Group of America Finance, LLC (guaranteed by Volkswagen AG)
Program amount: Euro 15.0 billion
Arranger: Citibank Europe PLC
Dealer: Bayerische Landesbank
BNP Paribas
BNP Paribas Fortis SA/NV
Bred Banque Populaire
Credit Industriel et Commercial
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate And Investment Bank
Citibank Europe PLC
ING Bank N.V.
Société Générale
The Royal Bank of Scotland plc (Trading as Natwest Markets)
Issues: exclusively private placements
Paying agent: Citibank, N.A
Information MemorandumEUR 15.0bn Multi-Currency CP Programme2017-03-21
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EUR 5.0bn Belgian Short-Term Treasury Notes Programme
Issuers: Volkswagen Group Services NV/SA
Program amount: Euro 5.0 billion
Dealer: BNP Paribas
BNP Paribas Fortis SA/NV
BRED Banque Populaire
Citibank Europe plc, UK Branch
Crédit Agricole Corporate and Investment Bank
Crédit Industriel et Commercial
KBC Bank NV
ING Belgium SA/NV
ING Bank N.V. Belgian Branch
NatWEst Markets
Société Générale
Issues: exclusively private placements
Ratings: S&P: A-2
Moody's: P-2
Information MemorandumEUR 5.0bn Belgian ST Treasury Notes2014-11-05 1. SupplementEUR 5.0bn Belgian ST Treasury Notes2015-11-30 2. SupplementEUR 5.0bn Belgian ST Treasury Notes2017-05-05
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Volkswagen Financial Services Programmes
Please find the programmes of the Volkswagen Financial Services Group under the following link:
go to Volkswagen Financial Services AG