April 7, 2015 / 1:30 PM / 4 years ago

New Issue- Volkswagen prices dual tranche deal

April 7 (Reuters) -Following are terms and conditions

of a dual tranche deal priced on Tuesday.

Borrower Volkswagen Financial Services AG

* * * *

Tranche 1

Issue Amount 500 million euro

Maturity Date October 16, 2017

Coupon 3-month Euribor + 25bp

Reoffer price Par

Discount Margin 3-month Euribor + 25bp

* * * *

Tranche 2

Issue Amount 750 million euro

Maturity Date October 14, 2021

Coupon 0.75 pct

Reoffer price 99.938

Yield 0.76 pct

Spread 40 basis points

Underlying govt bond Over Mid-swaps

* * * *

Common terms

Payment Date April 14, 2015

Lead Manager(s) Credit Agricole CIB, HSBC & UniCredit

Ratings A2 (Moody’s) & A (S&P)

Listing Lux

Full fees Undisclosed

Denoms (K) 1

Governing Law German

Notes Launched under issuer’s EMTN programme

Security details and RIC, when available, will be

on

Customers can right-click on the code for

performance analysis of this new issue

For ratings information, double click on

For all bonds data, double click on

For Top international bonds news

For news about this issuer, double click on the issuer RIC,

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