Press Releases

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Braunschweig,
February 20, 2019

Volkswagen Financial Services securitises Japanese car loans and issues bonds

Volkswagen Financial Services started the 2019 financial year with numerous issuances. The eighth Japanese auto asset-backed securities (ABS) transaction was successfully placed, as were bonds denominated in euros, British pounds (GBP), Russian rubles (RUB) and Brazilian real (BRL). The issues in the various currencies are in line with Volkswagen Financial Services' strategy of refinancing itself locally in the respective markets using various refinancing instruments.

  

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Braunschweig,
February 8, 2019

Volkswagen Financial Services acquire 60 percent stake in Europe's largest fleet management company FleetLogistics

Braunschweig, Oberhaching, 8th February 2019. Volkswagen Financial Services are further expanding their offer in the field of international fleet and mobility management through a strategic partnership with TÜV SÜD. To this end, Volkswagen Financial Services AG have taken a 60 percent stake in FleetCompany GmbH, based in Oberhaching, Bavaria, which operates worldwide under the brand name FleetLogistics in over 70 countries. The remaining 40 percent of the company's shares are held by the former sole shareholder TÜV SÜD Auto Service GmbH, headquartered in Munich, a wholly-owned subsidiary of TÜV SÜD AG.  

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Braunschweig,
January 25, 2019

Volkswagen Bank places bonds worth 2.5 billion euros

Braunschweig, 25 January 2019. Volkswagen Bank GmbH has placed four bonds with a total volume of 2.5 billion euros. The transaction generated investor interest of almost ten billion euros.

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Braunschweig,
November 5, 2018

Total assets of Volkswagen Financial Services exceed the EUR 200 billion mark for the first time

Volkswagen Financial Services have successfully concluded the first three quarters of this year and achieved new record results. The total assets of Volkswagen Financial Services exceeded the mark of EUR 200 billion for the first time at the end of September and totalled EUR 200.79 billion as at 30.09.2018. At the end of 2008, approximately ten years ago, this figure was still around EUR 75 billion. "Volkswagen Financial Services have grown very successfully in recent years. The sales-driven growth is based on our strong internationalisation focus and our local market penetration plans. That has also enabled us this year to break through the barrier of EUR 200 billion in total assets," explains Lars Henner Santelmann, Chairman of the Management Board of Volkswagen Financial Services AG. He adds: "In this connection, I would like to express my thanks once again to Dr. Christian Dahlheim, who has been extraordinarily successful as Chief Sales Officer during the past few years and has always been a driving force behind our expansion strategy." Dr. Christian Dahlheim has been Head of Group Sales at Volkswagen AG since 1 October 2018 after previously holding the position of Chief Sales Officer at Volkswagen Financial Services AG since 1 January 2016.

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Braunschweig,
October 17, 2018

Volkswagen Financial Services successfully placed leasing receivables

Volkswagen Leasing GmbH, a wholly-owned subsidiary of Volkswagen Financial Services AG, has successfully placed its 27th Auto-Asset Backed Securities (ABS) transaction from securitised leasing receivables, VCL 27, with a volume of 957 million euros. During the bookbuilding process, the Class A Notes were placed at a price of 1-month Euribor plus 22 basis points, and the Class B Notes at plus 68 basis points.

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Braunschweig,
October 10, 2018

Volkswagen Financial Services issues bonds worth 2.6 billion euros

Volkswagen Financial Services AG has placed three bonds with a total volume of 2.6 billion euros. Standard & Poor's is expected to rate the issue BBB+ and Moody’s with A3. Altogether, the transaction was oversubscribed more than 1.7 times.

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Braunschweig,
October 10, 2018

Volkswagen Financial Services issues bonds worth 2.6 billion euros

Volkswagen Financial Services AG has placed three bonds with a total volume of 2.6 billion euros. Standard & Poor's is expected to rate the issue BBB+ and Moody’s with A3. Altogether, the transaction was oversubscribed more than 1.7 times.

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Braunschweig,
September 24, 2018

Volkswagen Financial Services expand their international fleet service in the USA

Volkswagen Financial Services have expanded their portfolio of international services for vehicle fleets. Thanks to Volkswagen Credit, Inc. (VCI), German and international corporate customers can now also be served in the US market and benefit from a one-stop service. "We have set ourselves the goal of achieving further growth in the non-European fleet business as well – and that includes the USA," says Jochen Schmitz, Head of International Fleet at Volkswagen Financial Services AG. "Together with our overseas colleagues we now have an even broader range of international services on offer." 

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