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Capital market/deposits/ABS refinancing

Refinancing Sources as at 30st June 2019

Debt Issuance and Commercial Paper Programmes

  • € 10 bn Debt Issuance Programme

       
    Issuer Volkswagen Bank GmbH
    Guarantor no guarantee
    Arrangeur
    UNICREDIT BANK
    Dealers BANCO BILBAO VIZCAYA ARGENTARIA, BARCLAYS, BAYERNLB, BNP PARIBAS, BOFA MERRILL LYNCH,
    CITIGROUP, COMMERZBANK AG, CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
    Danske Bank A/S, DEUTSCHE BANK, Goldman Sachs International, HSBC, J.P. MORGAN,
    LANDESBANK BADEN-WÜRTTEMBERG, MUFG, MIZUHO SECURITIES, NATWEST MARKETS,
    RBC Capital Markets, SANTANDER GLOBAL CORPORATE BANKING,
    SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING, TD Securities, UNICREDIT BANK
    Issuing + Paying Agent CITIBANK, N.A.

    Download

    EUR 10 bn Debt Issuance Programme
    Jun 6, 2019
    EUR 10 Mrd. Debt Issuance Programme
    Jun 6, 2019
    1st Supplement (10.09.2019)
    Sep 10, 2019
  • € 2,5 bn Multi-Currency Commercial Paper Programme

       
    Issuer Volkswagen Bank GmbH
    Guarantor no guarantee
    Arrangeur
    Citibank International plc
    Dealers Barclays Capital, Citibank International plc, Bayerische Landesbank, Danske Bank, BNP PARIBAS,
    Dresdner Bank, Handelsbanken Capital Markets, ING Financial Markets, Morgan Stanley,
    SEB Merchant Banking, The Royal Bank of Scotland
    Paying Agent Citibank, N.A.

    Download

    € 2,5 bn Multi-Currency Commercial Paper Programme
    Dec 20, 2005
    Commercial Paper Target Market Definition
    Dec 20, 2005
  • PLN 3 bn Debt Instrument Issuance Programme

       
    Issuers Volkswagen Bank Polska S.A.,
    Volkswagen Leasing Polska Sp. z o.o.
    Guarantor Guarantor for Volkswagen Bank Polska S.A., Volkswagen Leasing Polska Sp. z o.o. Debt Instruments
    - Volkswagen Financial Services AG
    Arrangeur
    ING Bank Slaski S.A.
    Dealers BRE Bank SA
    Bank Handlowy w Warszawie SA
    ABN Amro Bank (Polska) S.A.
    ING Bank Slaski S.A.
    Société Générale S.A. Oddzial w Polsce
    Bank PEKAO S.A.
    Dealer for the Day (if any)
    Paying Agent ING Bank

    Download

    PLN 3 bn Debt Instrument Issuance Programme
    Aug 6, 2008

Corporate Bonds

Maturity: 15.06.2021; CUR+amount: EUR 750 m
Interest rate: 3-months Euribor + 0,420%; WKN: A1X3P0; ISIN: XS1734547919
Dec 13, 2017
Maturity: 08.09.2021; CUR+amount: EUR 800 m
Interest rate: 0,625%; WKN: A1X3P3; ISIN: XS1830992480
Jun 6, 2018
Maturity: 08.12.2021; CUR+amount: EUR 600 m
Interest rate: 3-months Euribor + 0,70%; WKN: A1X3P4; ISIN: XS1830992563
Jun 6, 2018
Maturity: 05.06.2022; CUR+amount: EUR 400 m
Interest rate: 0,500%; WKN: A2GSFV; ISIN: XS2008294170
Jun 3, 2019
Maturity: 05.07.2022; CUR+amount: EUR 500 m
Interest rate: 0,375%; WKN: A1X3QA; ISIN: XS2023306140
Jul 3, 2019
Maturity: 01.08.2022; CUR+amount: EUR 300 m
Interest rate: 3-months Euribor + 1,470%; WKN: A1X3P6; ISIN: XS1944384350
Jan 29, 2019
Maturity: 01.08.2022; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P7; ISIN: XS1944388856
Jan 29, 2019
Maturity: 15.06.2023; CUR+amount: EUR 750 m
Interest rate: 0,750%; WKN: A1X3P1; ISIN: XS1734548487
Jun 15, 2023
Maturity: 26.09.2023; CUR+amount: EUR 20 m
Interest rate: 5,40%; WKN: 226326; ISIN: XS0175737997
Sep 26, 2003
Maturity: 31.01.2024; CUR+amount: EUR 850 m
Interest rate: 1,875%; WKN: A1X3P8; ISIN: XS1944390241
Jan 29, 2019
Maturity: 07.06.2024; CUR+amount: EUR 10 m
Interest rate: 5,5%; WKN: 363315; ISIN: XS0193333613
Jun 7, 2004
Maturity: 10.06.2024; CUR+amount: EUR 800 m
Interest rate: 1,250%; WKN: A1X3P5; ISIN: XS1830986326
Jun 6, 2018
Maturity: 15.12.2025; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P2; ISIN: XS1734548644
Dec 13, 2017
Maturity: 31.07.2026; CUR+amount: EUR 850 m
Interest rate: 2,500%; WKN: A1X3P9; ISIN: XS1944390597
Jan 29, 2019

Asset Backed Securities

Volkswagen Bank GmbH

  • Driver Master  

      Class A Notes Class B Notes
    Initial Balance 216.7m EUR 10.5m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 11.00 % 6.80 %
    Expected Weighted Average Lives 2.01 years 2.28 years
    Closing Date 25.06.2019 25.06.2019
    Expected Repayment Date February 2021 February 2021
    Final Maturity Date
    May 2028
    May 2028  
    Rating (DBRS / Fitch / Moody´s) AAA(sf) / AAA(sf) / Aaa(sf) A(high) (sf) / A+(sf) / A1(sf)
    Coupon 1-m-EURIBOR + 0.25% p.a. 1-m-EURIBOR + 0.70% p.a.
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata /
    pass through
    sequential / pro rata /
    pass through
    Form Global Registered Note Global Registered Note
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Driver Master - Offering Circular
    Jun 19, 2019
    Rating Letter DBRS
    Jun 25, 2019
    Rating Letter Fitch
    Jun 26, 2019
    Rating Letter Moody's
    Jun 25, 2019
    TSI Declaration of Undertaking
    Jun 26, 2019
    Final SVI Verification Report
    Jul 26, 2019
    Final STS-Notification May 2019
    Jun 26, 2019

    Download Investor Reports (pdf)

    Investor Report Driver Master 07.2019
    Aug 19, 2019
    Investor Report Driver Master 08.2019
    Sep 18, 2019
    Investor Report Driver Master 09.2019
    Oct 18, 2019

    Download Investor Reports (Excel)

    Investor Report Driver Master 07.2019
    Aug 19, 2019
    Investor Report Driver Master 08.2019
    Sep 18, 2019
    Investor Report Driver Master 09.2019  
    Oct 18, 2019
  • Driver fourteen

      Class A   Class B  
    Initial Balance 833.4m EUR 20.7m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 8.4 % 6.1 %
    Expected Weighted Average Lives 1.27 years 2.03 years
    Closing Date 26.03.2018 26.03.2018
    Expected Repayment Date February 2021 February 2021
    Legal Maturity Date
    February 2026 February 2026  
    Preliminary Rating (DBRS / Moody´s) AAA(sf) / AAA(sf)   A(high)(sf) / A1(sf)
    Coupon 1-m-EURIBOR + 40bps p.a. 1-m-EURIBOR + 37bps p.a.
    Issuance Price 100.362 % 100 %
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata /
    pass through
    sequential / pro rata /
    pass through
    Form Registered Note (Reg S) Registered Note (Reg S)
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Driver fourteen - Offering Circular
    Mar 22, 2018
    Driver fourteen - DBRS - New Issue Report
    Mar 26, 2018
    Driver fourteen - DBRS - Press Release
    Mar 26, 2018
    Driver fourteen - Moody's - New Issue Report
    Mar 26, 2018
    Driver fourteen - Moody's - Press Release
    Mar 26, 2018
    TSI Declaration of undertaking
    Mar 26, 2018

    Download (pdf)

    Investor Report Driver fourteen 07.2019
    Aug 16, 2019
    Investor Report Driver fourteen 08.2019 
    Sep 16, 2019
    Investor Report Driver fourteen 09.2019 
    Oct 16, 2019

    Download (Excel)

    Investor Report Driver fourteen 07.2019
    Aug 16, 2019
    Investor Report Driver fourteen 08.2019 
    Sep 16, 2019
    Investor Report Driver fourteen 09.2019 
    Oct 16, 2019
  • Driver fifteen

      Class A   Class B  
    Initial Balance 694.5m EUR 21.7m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 8.6 % 5.7 %
    Expected Weighted Average Lives 1.9 years 2.7 years
    Closing Date 25.09.2018 25.09.2018
    Expected Repayment Date June 2022 June 2022
    Legal Maturity Date
    August 2026
    August 2026  
    Preliminary Rating (S&P / Moody´s) AAA(sf) / Aaa(sf) AA- (sf) / A1(sf)
    Coupon 1-m-EURIBOR + 40bps p.a. 1-m-EURIBOR + 60bps p.a.
    Issuance Price 100.42 % 100 %
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata /
    pass through
    sequential / pro rata /
    pass through
    Form Registered Notes (Reg S) Registered Notes (Reg S)
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Driver fifteen - Offering Circular
    Sep 20, 2018
    Driver fifteen - S&P - New Issue Report
    Sep 25, 2018
    Driver fifteen - Moody's - New Issue Report
    Sep 25, 2018
    Driver fifteen - TSI - Declaration of Undertaking
    Sep 25, 2018

    Download Investor Reports (pdf)

    Investor Report Driver fifteen 07.2019
    Aug 16, 2019
    Investor Report Driver fifteen 08.2019
    Sep 16, 2019
    Investor Report Driver fifteen 09.2019
    Oct 16, 2019

    Download Investor Reports (Excel)

    Investor Report Driver fifteen 07.2019
    Aug 16, 2019
    Investor Report Driver fifteen 08.2019
    Sep 16, 2019
    Investor Report Driver fifteen 09.2019
    Oct 16, 2019

Volkswagen Bank GmbH, Spanish Branch

  • Driver España three

      Class A   Class B  
    Initial Balance 858m EUR 28.9m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 15.5%
    12.61%
    Expected Weighted Average Lives 1.47 years 2.31 years
    Closing Date 26.02.2016 26.02.2016
    Expected Repayment Date August 2019 August 2019
    Final Maturity Date December 2026 December 2026  
    Rating (Moody's / S&P) Aa2 (sf) / AAA (sf) A2 (sf) / AA (sf)
    Coupon 1-m-EURIBOR + 1.05% p.a. Fixed Rate: 1.4842% p.a.
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata / pass through sequential / pro rata / pass through
    Form Registered Notes (Reg S) Registered Notes (Reg S)
    Listing AIAF Fixed Income Market AIAF Fixed Income Market

    Download Main Documents

    Spanish Offering Circular Driver España three
    Feb 24, 2016
    English Offering Circular Driver España three
    Feb 23, 2016
    New Issue Report Moody's
    Feb 26, 2016
    New Issue Report S&P
    Feb 26, 2016
    TSI Declaration of Undertaking
    Feb 26, 2016

    Download Investor Reports (pdf)

    Investor Report Driver España three 06.2019
    Jun 30, 2019
    Investor Report Driver España three 07.2019
    Jul 18, 2019
    Investor Report Driver España three 08.2019
    Aug 14, 2019

    Download Investor Reports (Excel)

    Investor Report Driver España three 06.2019
    Jun 30, 2019
    Investor Report Driver España three 07.2019
    Jul 18, 2019
    Investor Report Driver España three 08.2019
    Aug 14, 2019
  • Driver España four

      Class A   Class B  
    Initial Balance 888m EUR 26m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 12.50% 9.90%
    Expected Weighted Average Lives 1.67 years 2.80 years
    Closing Date 28.06.2017 28.06.2017
    Expected Repayment Date March 2021 March 2021
    Legal Maturity Date April 2028 April 2028  
    Rating (DBRS/Moody's) AAA (sf) /Aa2 (sf) A (sf) / A2 (sf)
    Coupon 1-m-EURIBOR + 0,38% p.a. 1-m-EURIBOR + 0,75% p.a.
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata / pass through sequential / pro rata / pass through
    Form Registered Notes (Reg S) Registered Notes (Reg S)
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Offering Circular Driver España four
    Jun 23, 2017
    New Issue Report DBRS
    Jun 26, 2017
    New Issue Report Moody's
    Jun 26, 2017
    TSI Declaration of Undertaking
    Jun 28, 2017

    Download Investor Reports (pdf)

    Investor Report Driver España four 07.2019
    Aug 14, 2019
    Investor Report Driver España four 08.2019
    Sep 16, 2019
    Investor Report Driver España four 09.2019
    Oct 16, 2019

    Download Investor Reports (Excel)

    Investor Report Driver España four 07.2019
    Aug 14, 2019
    Investor Report Driver España four 08.2019
    Sep 16, 2019
    Investor Report Driver España four 09.2019
    Oct 16, 2019
  • Driver España five

      Class A   Class B  
    Initial Balance 888m EUR 26m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 12.50% 9.90%
    Expected Weighted Average Lives 1.69 years 2.87 years
    Closing Date 28.02.2018 28.02.2018
    Expected Repayment Date December 2021 December 2021
    Legal Maturity Date December 2028 December 2028  
    Rating (S&P/Moody's) AAA (sf) /Aa2 (sf) AA- (sf) / A2 (sf)
    Coupon 1-m-EURIBOR + 0.40% p.a. 1-m-EURIBOR + 0.54% p.a.
    Issuance Price 100.277% 100.00%
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata / pass through sequential / pro rata / pass through
    Form Registered Notes (Reg S) Registered Notes (Reg S)
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Prospectus Driver España five
    Feb 22, 2018
    S&P New Issue Report
    Feb 28, 2018
    Moody's New Issue Report
    Feb 27, 2018
    TSI Declaration of Undertaking
    Feb 28, 2018

    Download Investor Reports (pdf)

    Investor Report Driver España five 07.2019
    Aug 14, 2019
    Investor Report Driver España five 08.2019
    Sep 16, 2019
    Investor Report Driver España five 09.2019
    Oct 16, 2019

    Download Investor Reports (Excel)

    Investor Report Driver España five 07.2019
    Aug 14, 2019
    Investor Report Driver España five 08.2019
    Sep 16, 2019
    Investor Report Driver España five 09.2019
    Oct 16, 2019
  • Volkswagen Bank GmbH, French Branch

    • Driver France three

        Class A   Class B  
      Initial Balance 448m EUR 19.5m EUR
      Ranking Senior Junior
      Initial Credit Enhancement 11.6% 7.7%
      Expected Weighted Average Lives 1.20 years [1.31 years
      Closing Date 27.04.2017 27.04.2017
      Expected Repayment Date January 2020 January 2020
      Final Maturity Date April 2024 April 2024  
      Rating (DBRS / S&P) AAA(sf) / AAA(sf) A (high) (sf) / A+(sf)
      Coupon 1-m-EURIBOR + 0.45% p.a. 1-m-EURIBOR + 0.60% p.a.
      Issuance Price 100,23% 100,00%
      Denomination 100,000 EUR 100,000 EUR
      Payment Frequency monthly monthly
      Redemption sequential / pro rata sequential / pro rata
        pass through pass through
      Form Registered Notes Registered Notes
      Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

      Download Main Documents  

      Offering Circular Driver France three
      Apr 26, 2017
      New Issue Report DBRS
      Apr 27, 2017
      New Issue Report S&P
      Apr 27, 2017
      TSI Declaration of Undertaking
      Apr 4, 2017

      Download Investor Reports (pdf)

      Investor Report Driver France three 07.2019
      Aug 16, 2019
      Investor Report Driver France three 08.2019
      Sep 16, 2019
      Investor Report Driver France three 09.2019
      Oct 16, 2019

      Download Investor Reports (Excel)

      Investor Report Driver France three 07.2019
      Aug 16, 2019
      Investor Report Driver France three 08.2019
      Sep 16, 2019
      Investor Report Driver France three 09.2019
      Oct 16, 2019

Volkswagen Bank GmbH, Italian Branch

  • Driver Italia one

      Class A   Class B  
    Initial Balance 441.0m EUR 14.0m EUR
    Ranking Senior Junior
    Initial Credit Enhancement 13.1% 10.3%
    Expected Weighted Average Lives 1.28 years 2.34 years
    Closing Date 29.05.2018 29.05.2018
    Expected Repayment Date March 2021 March 2021
    Legal Maturity Date April 2029 April 2029  
    Preliminary Rating (DBRS /  Moody´s / S&P) AAA(sf) / Aa2(sf) / AA(sf) A(high)(sf) / A1(sf) / AA(sf)
    Coupon 1-m-EURIBOR + 40bps p.a. 1-m-EURIBOR + 50bps p.a.
    Issuance Price 100,183% 100%
    Denomination 100,000 EUR 100,000 EUR
    Payment Frequency monthly monthly
    Redemption sequential / pro rata / pass through sequential / pro rata / pass through  
    Form Global Bearer Note Global Bearer Note
    Listing Luxembourg Stock Exchange Luxembourg Stock Exchange

    Download Main Documents

    Driver Italy one - Offering Circular
    May 24, 2018
    Driver Italy one - DBRS - Rating Report
    May 24, 2018
    Driver Italy one - Moody's - Rating Report
    May 29, 2018
    Driver Italy one - S&P - Rating Report
    May 29, 2018
    TSI Declaration of Undertaking
    May 29, 2018

    Download Investor Reports (pdf)

    Investor Report Driver Italia one 07.2019
    Aug 16, 2019
    Investor Report Driver Italia one 08.2019 
    Sep 16, 2019
    Investor Report Driver Italia one 09.2019 
    Oct 16, 2019

    Download Investor Reports (Excel)

    Investor Report Driver Italia one 07.2019
    Aug 16, 2019
    Investor Report Driver Italia one 08.2019 
    Sep 16, 2019
    Investor Report Driver Italia one 09.2019 
    Oct 16, 2019

More Information about Volkswagen Bank GmbH