
Capital market/deposits/ABS refinancing
Refinancing Sources as at 30st June 2019
Debt Issuance and Commercial Paper Programmes
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€ 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 BANKIssuing + Paying Agent CITIBANK, N.A. Download
EUR 10 bn Debt Issuance ProgrammeJun 6, 2019 EUR 10 Mrd. Debt Issuance ProgrammeEUR 10 Mrd. Debt Issuance ProgrammeJun 6, 2019 EUR 10 Mrd. Debt Issuance Programme1st Supplement (10.09.2019)Sep 10, 2019 1st Supplement (10.09.2019) -
€ 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 ScotlandPaying Agent Citibank, N.A. Download
€ 2,5 bn Multi-Currency Commercial Paper ProgrammeDec 20, 2005 € 2,5 bn Multi-Currency Commercial Paper ProgrammeCommercial Paper Target Market DefinitionDec 20, 2005 Commercial Paper Target Market Definition -
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 AGArrangeur
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 ProgrammeAug 6, 2008 PLN 3 bn Debt Instrument Issuance Programme
Corporate Bonds
Maturity: 15.06.2021; CUR+amount: EUR 750 m
Interest rate: 3-months Euribor + 0,420%; WKN: A1X3P0; ISIN: XS1734547919
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Dec 13, 2017 |
Maturity: 15.06.2021; CUR+amount: EUR 750 m
Interest rate: 3-months Euribor + 0,420%; WKN: A1X3P0; ISIN: XS1734547919 |
Maturity: 08.09.2021; CUR+amount: EUR 800 m
Interest rate: 0,625%; WKN: A1X3P3; ISIN: XS1830992480
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Jun 6, 2018 |
Maturity: 08.09.2021; CUR+amount: EUR 800 m
Interest rate: 0,625%; WKN: A1X3P3; ISIN: XS1830992480 |
Maturity: 08.12.2021; CUR+amount: EUR 600 m
Interest rate: 3-months Euribor + 0,70%; WKN: A1X3P4; ISIN: XS1830992563
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Jun 6, 2018 |
Maturity: 08.12.2021; CUR+amount: EUR 600 m
Interest rate: 3-months Euribor + 0,70%; WKN: A1X3P4; ISIN: XS1830992563 |
Maturity: 05.06.2022; CUR+amount: EUR 400 m
Interest rate: 0,500%; WKN: A2GSFV; ISIN: XS2008294170
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Jun 3, 2019 |
Maturity: 05.06.2022; CUR+amount: EUR 400 m
Interest rate: 0,500%; WKN: A2GSFV; ISIN: XS2008294170 |
Maturity: 05.07.2022; CUR+amount: EUR 500 m
Interest rate: 0,375%; WKN: A1X3QA; ISIN: XS2023306140
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Jul 3, 2019 |
Maturity: 05.07.2022; CUR+amount: EUR 500 m
Interest rate: 0,375%; WKN: A1X3QA; ISIN: XS2023306140 |
Maturity: 01.08.2022; CUR+amount: EUR 300 m
Interest rate: 3-months Euribor + 1,470%; WKN: A1X3P6; ISIN: XS1944384350
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Jan 29, 2019 |
Maturity: 01.08.2022; CUR+amount: EUR 300 m
Interest rate: 3-months Euribor + 1,470%; WKN: A1X3P6; ISIN: XS1944384350 |
Maturity: 01.08.2022; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P7; ISIN: XS1944388856
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Jan 29, 2019 |
Maturity: 01.08.2022; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P7; ISIN: XS1944388856 |
Maturity: 15.06.2023; CUR+amount: EUR 750 m
Interest rate: 0,750%; WKN: A1X3P1; ISIN: XS1734548487
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Jun 15, 2023 |
Maturity: 15.06.2023; CUR+amount: EUR 750 m
Interest rate: 0,750%; WKN: A1X3P1; ISIN: XS1734548487 |
Maturity: 26.09.2023; CUR+amount: EUR 20 m
Interest rate: 5,40%; WKN: 226326; ISIN: XS0175737997
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Sep 26, 2003 |
Maturity: 26.09.2023; CUR+amount: EUR 20 m
Interest rate: 5,40%; WKN: 226326; ISIN: XS0175737997 |
Maturity: 31.01.2024; CUR+amount: EUR 850 m
Interest rate: 1,875%; WKN: A1X3P8; ISIN: XS1944390241
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Jan 29, 2019 |
Maturity: 31.01.2024; CUR+amount: EUR 850 m
Interest rate: 1,875%; WKN: A1X3P8; ISIN: XS1944390241 |
Maturity: 07.06.2024; CUR+amount: EUR 10 m
Interest rate: 5,5%; WKN: 363315; ISIN: XS0193333613
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Jun 7, 2004 |
Maturity: 07.06.2024; CUR+amount: EUR 10 m
Interest rate: 5,5%; WKN: 363315; ISIN: XS0193333613 |
Maturity: 10.06.2024; CUR+amount: EUR 800 m
Interest rate: 1,250%; WKN: A1X3P5; ISIN: XS1830986326
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Jun 6, 2018 |
Maturity: 10.06.2024; CUR+amount: EUR 800 m
Interest rate: 1,250%; WKN: A1X3P5; ISIN: XS1830986326 |
Maturity: 15.12.2025; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P2; ISIN: XS1734548644
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Dec 13, 2017 |
Maturity: 15.12.2025; CUR+amount: EUR 500 m
Interest rate: 1,250%; WKN: A1X3P2; ISIN: XS1734548644 |
Maturity: 31.07.2026; CUR+amount: EUR 850 m
Interest rate: 2,500%; WKN: A1X3P9; ISIN: XS1944390597
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Jan 29, 2019 |
Maturity: 31.07.2026; CUR+amount: EUR 850 m
Interest rate: 2,500%; WKN: A1X3P9; ISIN: XS1944390597 |
Asset Backed Securities
Volkswagen Bank GmbH
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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 throughsequential / pro rata /
pass throughForm Global Registered Note Global Registered Note Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Driver Master - Offering CircularJun 19, 2019 Driver fifteen - Offering CircularRating Letter DBRSJun 25, 2019 Rating Letter DBRSRating Letter FitchJun 26, 2019 Rating Letter FitchRating Letter Moody'sJun 25, 2019 Rating Letter Moody'sTSI Declaration of UndertakingJun 26, 2019 TSI Declaration of UndertakingFinal SVI Verification ReportJul 26, 2019 Final SVI Verification ReportFinal STS-Notification May 2019Jun 26, 2019 Final STS-Notification May 2019Download Investor Reports
Investor Report Driver Master 08.2019Sep 18, 2019 Investor Report Driver Master 08.2019Investor Report Driver Master 09.2019Oct 18, 2019 Investor Report Driver Master 09.2019Investor Report Driver Master 10.2019Nov 18, 2019 Investor Report Driver Master 10.2019 -
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 throughsequential / pro rata /
pass throughForm Registered Note (Reg S) Registered Note (Reg S) Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Driver fourteen - Offering CircularMar 22, 2018 Driver fourteen - Offering CircularDriver fourteen - DBRS - New Issue ReportMar 26, 2018 Driver fourteen - DBRS - New Issue ReportDriver fourteen - DBRS - Press ReleaseMar 26, 2018 Driver fourteen - DBRS - Press ReleaseDriver fourteen - Moody's - New Issue ReportMar 26, 2018 Driver fourteen - Moody's - New Issue ReportDriver fourteen - Moody's - Press ReleaseMar 26, 2018 Driver fourteen - Moody's - Press ReleaseTSI Declaration of undertakingMar 26, 2018 TSI Declaration of undertakingDownload Investor Reports
Investor Report Driver fourteen 08.2019Sep 16, 2019 Investor Report Driver fourteen 08.2019Investor Report Driver fourteen 09.2019Oct 16, 2019 Investor Report Driver fourteen 09.2019Investor Report Driver fourteen 10.2019Nov 18, 2019 Investor Report Driver fourteen 10.2019 -
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 throughsequential / pro rata /
pass throughForm Registered Notes (Reg S) Registered Notes (Reg S) Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Driver fifteen - Offering CircularSep 20, 2018 Driver fifteen - Offering CircularDriver fifteen - S&P - New Issue ReportSep 25, 2018 Driver fifteen - S&P - New Issue ReportDriver fifteen - Moody's - New Issue ReportSep 25, 2018 Driver fifteen - Moody's - New Issue ReportDriver fifteen - TSI - Declaration of UndertakingSep 25, 2018 Driver fifteen - TSI - Declaration of UndertakingDownload Investor Reports
Investor Report Driver fifteen 08.2019Sep 16, 2019 Investor Report Driver fifteen 08.2019Investor Report Driver fifteen 09.2019Oct 16, 2019 Investor Report Driver fifteen 09.2019Investor Report Driver fifteen 10.2019Nov 18, 2019 Investor Report Driver fifteen 10.2019
Volkswagen Bank GmbH, Spanish Branch
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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 fourJun 23, 2017 Offering Circular Driver España fourNew Issue Report DBRSJun 26, 2017 New Issue Report DBRSNew Issue Report Moody'sJun 26, 2017 New Issue Report Moody'sTSI Declaration of UndertakingJun 28, 2017 TSI Declaration of UndertakingDownload Investor Reports
Investor Report Driver España four 08.2019
Sep 16, 2019 Investor Report Driver España four 08.2019Investor Report Driver España four 09.2019
Oct 16, 2019 Investor Report Driver España four 09.2019Investor Report Driver España four 10.2019
Nov 15, 2019 Investor Report Driver España four 10.2019 -
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 fiveFeb 22, 2018 Prospectus Driver España fiveS&P New Issue ReportFeb 28, 2018 S&P New Issue ReportMoody's New Issue ReportFeb 27, 2018 Moody's New Issue ReportTSI Declaration of UndertakingFeb 28, 2018 TSI Declaration of UndertakingDownload Investor Reports
Investor Report Driver España five 08.2019
Sep 16, 2019 Investor Report Driver España five 08.2019Investor Report Driver España five 09.2019
Oct 16, 2019 Investor Report Driver España five 09.2019Investor Report Driver España five 10.2019
Nov 15, 2019 Investor Report Driver España five 10.2019
Volkswagen Bank GmbH, Italian Branch
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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 CircularMay 24, 2018 Driver Italy one - Offering CircularDriver Italy one - DBRS - Rating ReportMay 24, 2018 Driver Italy one - DBRS - Rating ReportDriver Italy one - Moody's - Rating ReportMay 29, 2018 Driver Italy one - Moody's - Rating ReportDriver Italy one - S&P - Rating ReportMay 29, 2018 Driver Italy one - S&P - Rating ReportTSI Declaration of UndertakingMay 29, 2018 TSI Declaration of UndertakingDownload Investor Reports
Investor Report Driver Italia one 08.2019Sep 16, 2019 Investor Report Driver Italia one 08.2019Investor Report Driver Italia one 09.2019Oct 16, 2019 Investor Report Driver Italia one 09.2019Investor Report Driver Italia one 10.2019Nov 18, 2019 Investor Report Driver Italia one 10.2019