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Debt Issuance Programmes

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.

  • 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 Prospectus
    EUR 30.0bn DIP
    2015-05-08
    1. Supplement
    EUR 30.0bn DIP
    2015-08-05
  • 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 Memorandum
    EUR 15.0bn Multi-Currency CP Programme
    2017-03-21
  • 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 Memorandum
    EUR 5.0bn Belgian ST Treasury Notes
    2014-11-05
    1. Supplement
    EUR 5.0bn Belgian ST Treasury Notes
    2015-11-30
    2. Supplement
    EUR 5.0bn Belgian ST Treasury Notes
    2017-05-05
  • Volkswagen Financial Services Programmes

     

    Please find the programmes of the Volkswagen Financial Services Group under the following link:

     

    go to Volkswagen Financial Services AG