Archive 2019

date

 
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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