Archive 2013

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Braunschweig,
December 12, 2013

Volkswagen Financial Services once again successfully market Brazilian auto loans

Volkswagen Financial Services have successfully placed their second Brazilian Asset-Backed Securities (ABS) transaction yesterday. The securitisation transaction Driver Brasil Two has a volume of around 940 million Brazilian reals (BRL) or around 300 million euros. The senior tranche was marketed in a bookbuilding process at a price of 1-month CDI, the Brazilian reference interest rate, plus 92 basis points and the mezzanine tranche at plus 170 basis points. The order books were oversubscribed 2.5 times at placement price levels. As a result, Volkswagen Financial Services were able to refinance themselves at even more favourable terms than was the case with their Driver Brasil One transaction in July 2012.

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Braunschweig,
November 14, 2013

Volkswagen Financial Services are expanding their refinancing programme in Australian dollars

Volkswagen Financial Services have extended their refinancing activities in Australia to include their ABS programme. To this end, the securitisation transaction Driver Australia One has been placed on the market today with a volume of around 460 million Australian dollars (AUD) (around EUR 318 million).

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Braunschweig,
September 30, 2013

European DataWarehouse ensures increased transparency in Auto ABS transactions

Through the European DataWarehouse, investors have access to the individual contract data and loan-by-loan information related to automobile ABS transactions for the first time. European DataWarehouse is a central data repository that collects and validates individual loan-level data for securitisation transactions and makes these data available to investors on an ongoing basis in a standardised format and process. As a result, investors can retrieve information about the current underlying collateral pool for a specific Auto ABS transaction and carry out their own individual risk assessment for every single credit. The German organisation True Sale International GmbH is one of the shareholders of European DataWarehouse GmbH, which is based in Frankfurt am Main.

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Braunschweig,
September 19, 2013

Successful ABS transaction by Volkswagen Financial Services

The 18th Asset Backed Securities (ABS) transaction, VCL 18, from Volkswagen Leasing GmbH, a wholly owned subsidiary of Volkswagen Financial Services AG, has today been fully placed on the market with a volume of around EUR 750 million. The ABS issue to securitise the leasing contracts was sold in two tranches at the lower end of the price range. The transaction bears the True Sale International GmbH quality label “Certified by TSI – Deutscher Verbriefungsstandard”. VCL 18 is Europe's first automobile ABS transaction which provides individual contract data via European DataWarehouse. Thereby, Volkswagen Financial Services underlines once more its quality leadership in the automobile ABS market.

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Braunschweig,
September 5, 2013

Volkswagen Financial Services has successfully securitised auto loans for the first time in France

The securitisation transaction Driver France One with a volume of around EUR 500 million was successfully placed with a broad range of investors. The emission is the first benchmark ABS (Asset-Backed Securities) transaction from Volkswagen Bank France, a branch of Volkswagen Bank GmbH. Thanks to the large investor demand and the oversubscription, two tranches were able to be sold at the lower end of the price range. The transaction marks a record tight print for French securitisation transactions after the global financial crisis.

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Frankfurt am Main,
April 9, 2013

Volkswagen Financial Services business segment of Volkswagen Group continues on growth path

At the annual press conference, Frank Witter, Chairman of the Board of Management of Volkswagen Financial Services AG, reported on behalf of Volkswagen AG on the results of the Volkswagen Financial Services business segment of the Volkswagen Group. Total assets of the business segment grew in the 2012 financial year by 14 percent to EU 111 billion. The operating result climbed 17.1 percent to EU 1.41 billion. "In the past financial year, the Volkswagen financial service companies have taken a big step toward achieving the objective of our WIR2018 strategy, namely to become the world’s leading automobile financial service provider," said Frank Witter. “We are growing by offering attractive mobility services for expanding customer requirements and steadily developing the range of products on offer outside our home market, too."

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