Kapitalmarkt-/Einlagen/ABS-Refinanzierung
Refinanzierungsquellen per 31. Dezember 2020
Funding Strategie
Grundlegendes Ziel unserer Refinanzierungsstrategie ist es - auch angesichts eines überproportional starken Wachstums in einzelnen Märkten - unsere Refinanzierungskosten zu optimieren. Das erreichen wir durch die folgenden Schwerpunkte.
- Steigender Anteil der Refinanzierung über die Kapitalmärkte
Nicht zuletzt ist dies auch eine konsequente Reaktion auf die zunehmende Konsolidierung im Bankensektor, die eine Verknappung und Verteuerung von Kreditlinien mit sich brachte.
- Einsatz breit gefächerter Finanzierungsinstrumente
Die Sicherung unseres Wachstums einerseits und die (Re-)Finanzierung zu bestmöglichen Konditionen andererseits, erfordert den Einsatz eines vielseitigen Instrumentariums. Unser Spektrum reicht von Commercial Papers über die Begebung von Anleihen in verschiedenen Märkten und Währungen bis hin zu Asset-Backed Securities (ABS). Durch unsere Präsenz in unterschiedlichen Marktsegmenten profitieren wir von den jeweils attraktivsten Konditionen.
- Einbeziehung von Mitteln, die unabhängig vom Unternehmensrating sind
Die Direktbankeinlagen unserer Kunden sind unabhängig von Agency Ratings. Bei ABS-Tranchen werden die zugrunde liegenden Forderungen und nicht das Unternehmensrating herangezogen. Mit diesen Emissionen haben wir jeweils Triple-A Ratings erzielt, was ihre hohe Qualität belegt. Zusammen stellen diese Refinanzierungsquellen bereits mehr als ein Viertel unserer Bilanzsumme dar. Unser Bestreben ist es, diesen Anteil auszuweiten.
- Erschließung neuer Investorenkreise
Durch die Emission eines so genannten Samurai Bonds haben wir nicht nur eine zusätzliche Finanzierungsquelle erschlossen, sondern auch eine geographische "Diversifikation der Investorenbasis" erzielt.
- Einsatz von Kapitalmarktderivaten
Selbstverständlich beobachten wir die Entwicklung der Zinsstrukturkurve, um günstige Refinanzierungssätze auszunutzen. Um stets die Fristenkongruenz mit unserem laufenden Geschäft zu erzielen, setzen wir gezielt Finanzderivate wie z.B. Zinsswaps ein.
Daueremissionsprogramme
In der nachfolgenden Übersicht erhalten Sie Informationen über die Daueremissionsprogramme der Volkswagen Financial Services AG und ihrer jeweiligen Tochtergesellschaften.
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€ 50 Mrd. Debt Issuance Programme
Issuer Volkswagen Financial Services AG
Volkswagen Leasing GmbH
Volkswagen Financial Services N.V.
Volkswagen Financial Services Japan Ltd.
Volkswagen Financial Services Australia Pty Ltd.Guarantor VOLKSWAGEN FINANCIAL SERVICES AG 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,
Lloyds Bank Corporate Market Wertpapierhandelsbank GmbH, MUFG, MIZUHO SECURITIES, NATWEST MARKETS,
RBC Capital Markets, SANTANDER GLOBAL CORPORATE BANKING, Skandinaviska Enskilda Banken AB (publ),
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING, TD Securities, UNICREDIT BANKIssuing + Paying Agent CITIBANK, N.A. Download
EUR 50 bn Debt Issuance Programme24.06.2021 EUR 50 bn Debt Issuance ProgrammeBasisprospekt 2021 - 1. Nachtrag (04.08.2021)04.08.2021 Basisprospekt 2021 - 1. Nachtrag (04.08.2021)Basisprospekt 2021 - 2. Nachtrag (30.03.2022)30.03.2022 Basisprospekt 2021 - 2. Nachtrag (30.03.2022)Basisprospekt 2020 (17.06.2020)17.06.2020 EUR 35 bn Debt Issuance ProgrammeBasisprospekt 2019 (06.06.2019)
06.06.2019 Basisprospekt 2019 (06.06.2019)Basisprospekt 2018 (26.06.2018)
26.06.2018 Basisprospekt 2018 (26.06.2018)Basisprospekt 2017 (28.06.2017)
28.06.2017 Basisprospekt 2017 - 1. Nachtrag (05.12.2017)Basisprospekt 2016 (05.08.2016)
05.08.2016 Basisprospekt 2016 (05.08.2016)Basisprospekt 2015 (11.06.2015)
11.06.2015 Basisprospekt 2015 (11.06.2015)Basisprospekt 2014 (12.06.2014)
12.06.2014 Basisprospekt 2014 (12.06.2014)Basisprospekt 2013 - 1. Nachtrag (28.11.2013)
28.11.2013 Basisprospekt 2013 - 1. Nachtrag (28.11.2013)Basisprospekt 2013 (12.06.2013)
12.06.2013 Basisprospekt 2013 (12.06.2013)Basisprospekt 2012 (06.06.2012)
06.06.2012 Basisprospekt 2012 (06.06.2012) -
EUR 7.5 Mrd. Multi-Currency Commercial Paper Programme
Issuer Volkswagen Financial Services AG
Volkswagen Leasing GmbH
Volkswagen Financial Services N.V.
Volkswagen Finans Sverige AB (publ)
SkoFIN s.r.o
Volkswagen Financial Services Australia Pty LimitedGuarantor Volkswagen Financial Services AG (für Volkswagen Leasing GmbH,
Volkswagen Financial Services N.V., SkoFIN s.r.o und Volkswagen Financial Services Australia Pty Limited)Arrangeur
Citigroup Dealers Bank of America Merrill Lynch
BayernLB
BNP Paribas Fortis
Commerzbank
Citigroup
Crédit Agricole CIB
Danske Bank
DNB Bank
DZ BANK AG
Handelsbanken Capital Markets
ING
The Royal Bank of Scotland plc (trading as NatWest Markets)
Nordea
SEB
Swedbank
Bred Banque Popularie S.A.Paying Agent Citibank, N.A., London Branch Download
€ 7.5 Mrd. Multi-Currency Commercial Paper Programme10.07.2020 € 7.5 Mrd. Multi-Currency Commercial Paper Programme -
JPY 60 Mrd. Electronic Commercial Paper Programme
Issuer Volkswagen Financial Services Japan Ltd. Guarantor Volkswagen Financial Services AG Arrangeur
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Dealers The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Sumitomo Mitsui Banking Corporation
Mizuho Corporate Bank, Ltd.Paying Agent The Bank of Tokyo-Mitsubishi UFJ, Ltd. Download
JPY 60 Mrd. Electronic Commercial Paper Programme29.06.2021 JPY 60 Mrd. Electronic Commercial Paper Programme -
AUD 5 bn Debt Issuance Programme
Issuer VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LIMITED Guarantor Volkswagen Financial Services AG Arrangeur
Australia and New Zealand Banking Group Limited, Citigroup Global Markets Australia Pty Limited Dealers Australia and New Zealand Banking Group Limited, Citigroup Global Markets Australia Pty Limited,
Commonwealth Bank of Australia, Deutsche Bank AG (Sydney Branch), Merrill Lynch (Australia) Futures Limited,
Royal Bank of Canada, The Hongkong and Shanghai Banking Corporation Limited (Sydney Branch)Paying Agent Austraclear Download
AUD 5 Mrd. Debt Issuance Programme22.03.2019 AUD 5 Mrd. Debt Issuance Programme -
MXN 20 Mrd. Dual Capital Market Programme
Issuer Volkswagen Leasing S.A. de C.V. Guarantor Volkswagen Financial Services AG Arrangeur
HSBC Casa de Bolsa, S.A de C.V., Casa de Bolsa Santander, S.A de C.V. Dealers HSBC Casa de Bolsa, S.A de C.V., Casa de Bolsa Santander, S.A de C.V. Paying Agent The Bank of New York Mellon Mitteilung zur Erhöhung auf MXN 20 Mrd. Dual Capital Market Programme11.09.2014 Mitteilung zur Erhöhung auf MXN 20 Mrd. Dual Capital Market ProgrammeMXN 15 Mrd. Dual Capital Market Programme28.11.2007 MXN 15 Mrd. Dual Capital Market ProgrammeSupplement 200924.02.2009 Supplement 2009Supplement 201209.03.2012 Supplement 2012 -
MXN 7 Mrd. Debt Issuance Programme
Issuer Volkswagen Bank S.A. Guarantor Volkswagen Financial Services AG Arrangeur
HSBC Casa de Bolsa, S.A de C.V., Casa de Bolsa Santander, S.A de C.V. Dealers HSBC Casa de Bolsa, S.A de C.V., Casa de Bolsa Santander, S.A de C.V. Paying Agent The Bank of New York Mellon Download
MXN 7 Mrd. Debt Issuance Programme17.02.2012 MXN 7 Mrd. Debt Issuance Programme
Unternehmensanleihen
Nachfolgend finden Sie eine Übersicht ausstehender Anleihen aller Emittenten des Daueremissionsprogramms der Volkswagen Financial Services AG.
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Volkswagen Financial Services AG
Fälligkeit: 14.10.2021; WHG+Betrag: EUR 750 mZinssatz: 0.750%; WKN: 780516; ISIN: XS1216647716
10.04.2015 Fälligkeit: 14.10.2021; WHG+Betrag: EUR 500 m
Zinssatz: 0.750%; WKN: 780516; ISIN: XS1216647716Fälligkeit: 01.04.2022; WHG+Betrag: EUR 1,100 mZinssatz: 0.625%; WKN: A2LQ6E; ISIN: XS1972547183
28.03.2019 Fälligkeit: 01.04.2022; WHG+Betrag: EUR 1,100 m
Zinssatz: 0.625%; WKN: A2LQ6E; ISIN: XS1972547183Fälligkeit: 06.04.2023; WHG+Betrag: EUR 650 mZinssatz: 2.500%; WKN: A2LQ6H; ISIN: XS2152058868
06.04.2020 Fälligkeit: 06.04.2023; WHG+Betrag: EUR 650 m
Zinssatz: 2.500%; WKN: A2LQ6H; ISIN: XS2152058868
Fälligkeit: 12.04.2023; WHG+Betrag: EUR 750 mZinssatz: 0.875%; WKN: A2LQJ1; ISIN: XS1806457211
10.04.2018 Fälligkeit: 12.04.2023; WHG+Betrag: EUR 750 m
Zinssatz: 0.875%; WKN: A2LQJ1; ISIN: XS1806457211Fälligkeit: 16.10.2023; WHG+Betrag: EUR 850 mZinssatz: 1.375%; WKN: A2LQ6B; ISIN: XS189363133012.10.2018 Fälligkeit: 16.10.2023; WHG+Betrag: EUR 850 m
Zinssatz: 1.375%; WKN: A2LQ6B; ISIN: XS1893631330Fälligkeit: 01.10.2024; WHG+Betrag: EUR 1,000 mZinssatz: 1.500%; WKN: A2LQ6F; ISIN: XS1972548231
28.03.2019 Fälligkeit: 01.10.2024; WHG+Betrag: EUR 1,000 m
Zinssatz: 1.500%; WKN: A2LQ6F; ISIN: XS1972548231Fälligkeit: 31.01.2025; WHG+Betrag: EUR 1 Mrd.Zinssatz: 0.250%; WKN: A2LQ6T; ISIN: XS2438615606
27.01.2022 Fälligkeit: 31.01.2025; WHG+Betrag: EUR 1 Mrd. Zinssatz: 0.250%; WKN: A2LQ6T; ISIN: XS2438615606Fälligkeit: 12.02.2025; WHG+Betrag: EUR 750 mZinssatz: 0.000%; WKN: A2LQ6Q; ISIN: XS2374595127
10.08.2021 Fälligkeit: 12.02.2025; WHG+Betrag: EUR 750 m
Zinssatz: 0,000%; WKN: A2LQ6Q; ISIN: XS2374595127Fälligkeit: 06.04.2025; WHG+Betrag: EUR 700 mZinssatz: 3.000%; WKN: A2LQ6K; ISIN: XS215206220906.04.2020 Fälligkeit: 06.04.2025; WHG+Betrag: EUR 700 m
Zinssatz: 3.000%; WKN: A2LQ6K; ISIN: XS2152062209Fälligkeit: 16.10.2026; WHG+Betrag: EUR 750 mZinssatz: 2.250%; WKN: A2LQ6C; ISIN: XS1893631769
12.10.2018 Fälligkeit: 16.10.2026; WHG+Betrag: EUR 750 m
Zinssatz: 2.250%; WKN: A2LQ6C; ISIN: XS1893631769Fälligkeit: 12.02.2027; WHG+Betrag: EUR 1,000 mZinssatz: 0.125%; WKN: A2LQ6R; ISIN: XS237459504410.08.2021 Fälligkeit: 12.02.2027; WHG+Betrag: EUR 1,000 m
Zinssatz: 0.125%; WKN: A2LQ6R; ISIN: XS2374595044Fälligkeit: 01.10.2027; WHG+Betrag: EUR 650 mZinssatz: 2.250%; WKN: A2LQ6G; ISIN: XS1972547696
28.03.2019 Fälligkeit: 01.10.2027; WHG+Betrag: EUR 650 m
Zinssatz: 2.250%; WKN: A2LQ6G; ISIN: XS1972547696Fälligkeit: 31.01.2028; WHG+Betrag: EUR 1 Mrd.Zinssatz: 0,875%; WKN: A2LQ6U; ISIN: XS243861624027.01.2022 Fälligkeit: 31.01.2028; WHG+Betrag: EUR 1 Mrd. Zinssatz: 0,875%; WKN: A2LQ6U; ISIN: XS2438616240Fälligkeit: 06.04.2028; WHG+Betrag: EUR 800 mZinssatz: 3.375%; WKN: A2LQ6L; ISIN: XS215206190406.04.2020 Fälligkeit: 06.04.2028; WHG+Betrag: EUR 800 m
Zinssatz: 3.375%; WKN: A2LQ6L; ISIN: XS2152061904
Fälligkeit: 12.02.2030; WHG+Betrag: EUR 750mZinssatz: 0.375%; WKN: A2LQ6S; ISIN: XS2374594823
10.08.2021 Fälligkeit: 12.02.2030; WHG+Betrag: EUR 750 m
Zinssatz: 0.375%; WKN: A2LQ6S; ISIN: XS2374594823 -
Volkswagen Financial Services N.V.
Eine Übersicht der Unternehmensanleihen der Volkswagen Financial Services N.V. finden Sie hier.
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Volkswagen Leasing GmbH
Eine Übersicht der Unternehmensanleihen der Volkswagen Leasing GmbH finden Sie hier.
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Volkswagen Financial Services Japan Ltd.
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Volkswagen Financial Services Australia Ltd.
Asset Backed Securities
Volkswagen Financial Services Japan Ltd.
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Driver Japan eight
Trust Beneficial Interest Asset Backed Loan Initial Balance 47 bn JPY 18 bn JPY Ranking Senior Senior Initial Credit Enhancement 6.5 % 6.5 % Expected Weighted Average Lives 2.48 years 2.48 years Closing Date 27.02.2019 27.02.2019 Expected Repayment Date May 2023 May 2023 Legal Final Maturity
June 2027
June 2027 Rating (Moody´s / Fitch / R&I) Aaa(sf) / AAA(sf) / AAA Aaa(sf) / AAA(sf) / AAA Coupon 0.10 % p.a. 0.10 % p.a. Denomination 100,000,000 JPY 100,000,000 JPY Payment Frequency monthly monthly Redemption sequential / pro rata
pass throughsequential / pro rata
pass throughForm TBI ABL Listing n.a. n.a. Download Main Documents
Japanese Offering Circular Driver Japan eight25.02.2019 Japanese Offering Circular Driver Japan eightEnglish Offering Circular Driver Japan eight25.02.2019 English Offering Circular Driver Japan eightNew Issue Report Fitch27.02.2019 New Issue Report FitchNew Issue Report Moody's27.02.2019 New Issue Report Moody'sNew Issue Report R&I27.02.2019 New Issue Report R&IDownload Investor Reports
Investor Report Driver Japan eight 04.2022
15.04.2022 Investor Report Driver Japan eight 04.2022Investor Report Driver Japan eight 05.2022
17.05.2022 Investor Report Driver Japan eight 05.2022Investor Report Driver Japan eight 06.2022
17.06.2022 Investor Report Driver Japan eight 06.2022 -
Driver Japan nine
Trust Beneficial Interest Asset Backed Loan Initial Balance 37.5 bn JPY 22.5 bn JPY Ranking Senior Senior Initial Credit Enhancement 6.5 % 6.5 % Expected Weighted Average Lives 2.54 years 2.54 years Closing Date 27.02.2020 27.02.2020 Expected Repayment Date July 2024 July 2024 Legal Final Maturity
June 2028
June 2028 Rating (Moody´s / Fitch / S&P) Aaa(sf) / AAA(sf) / AAA(sf) Aaa(sf) / AAA(sf) / AAA(sf) Coupon 0.10 % p.a. 0.10 % p.a. Denomination 100,000,000 JPY 100,000,000 JPY Payment Frequency monthly monthly Redemption sequential / pro rata
pass throughsequential / pro rata
pass throughForm TBI ABL Listing n.a. n.a. Download Main Documents
Japanese Offering Circular Driver Japan nine21.04.2020 Japanese Offering Circular Driver Japan nineEnglish Offering Circular Driver Japan nine21.04.2020 English Offering Circular Driver Japan nineNew Issue Report Fitch21.04.2020 New Issue Report FitchNew Issue Report Moody's21.04.2020 New Issue Report Moody'sNew Issue Report S&P21.04.2020 New Issue Report S&PDownload Investor Reports
Investor Report Driver Japan nine 04.2022
15.04.2022 Investor Report Driver Japan nine 04.2022Investor Report Driver Japan nine 05.2022
17.05.2022 Investor Report Driver Japan nine 05.2022Investor Report Driver Japan nine 06.2022
17.06.2022 Investor Report Driver Japan nine 06.2022 -
Driver Japan ten
Trust Beneficial Interest Asset Backed Loan Initial Balance 33.8 bn JPY 26.2 bn JPY Ranking Senior Senior Initial Credit Enhancement 6.5 % 6.5 % Expected Weighted Average Lives 2.58 years 2.58 years Closing Date 25.02.2021 25.02.2021 Expected Repayment Date July 2025 July 2025 Legal Final Maturity
June 2029
June 2029 Rating (Moody´s / Fitch / S&P) Aaa(sf) / AAA(sf) / AAA(sf) Aaa(sf) / AAA(sf) / AAA(sf) Coupon 0.10 % p.a. 0.10 % p.a. Denomination 100,000,000 JPY 100,000,000 JPY Payment Frequency monthly monthly Redemption sequential / pro rata
pass throughsequential / pro rata
pass throughForm TBI ABL Listing n.a. n.a. Download Main Documents
Japanese Offering Circular Driver Japan ten25.02.2021 Japanese Offering Circular Driver Japan tenEnglish Offering Circular Driver Japan ten25.02.2021 English Offering Circular Driver Japan tenNew Issue Report Fitch25.02.2021 New Issue Report FitchNew Issue Report Moody's25.02.2021 New Issue Report Moody'sNew Issue Report S&P25.02.2021 New Issue Report S&PDownload Investor Reports
Investor Report Driver Japan ten 04.2022
15.04.2022 Investor Report Driver Japan ten 04.2022Investor Report Driver Japan ten 05.2022
17.05.2022 Investor Report Driver Japan ten 05.2022Investor Report Driver Japan ten 06.2022
17.06.2022 Investor Report Driver Japan ten 06.2022 -
Driver Japan eleven
Trust Beneficial Interest Asset Backed Loan Initial Balance31.7 31.7 bn JPY 23.3 bn JPY Ranking Senior Senior Initial Credit Enhancement 6.5 % 6.5 % Expected Weighted Average Lives 2.6 years 2.6 years Closing Date 25.02.2022 25.02.2022 Expected Repayment Date August 2026 August 2026 Legal Final Maturity
June 2030
June 2030 Rating (Moody´s / Fitch / S&P) Aaa(sf) / AAA(sf) / AAA(sf) Aaa(sf) / AAA(sf) / AAA(sf) Coupon 0.11 % p.a. 0.11 % p.a. Denomination 100,000,000 JPY 100,000,000 JPY Payment Frequency monthly monthly Redemption sequential / pro rata
pass throughsequential / pro rata
pass throughForm TBI ABL Listing n.a. n.a. Download Main Documents
Information Memorandum Driver Japan eleven (EN)25.02.2022 Information Memorandum Driver Japan eleven (engl.)Information Memorandum Driver Japan eleven (JP)25.02.2022 Information Memorandum Driver Japan eleven (JP)NIR Report Fitch25.02.2022 NIR Report FitchNIR Report Moody's25.02.2022 NIR Report Moody'sNIR Report S&P25.02.2022 NIR Report S&PDownload Investor Reports
Investor Report Driver Japan eleven 04.2022
15.04.2022 Investor Report Driver Japan eleven 04.2022Investor Report Driver Japan eleven 05.2022
17.05.2022 Investor Report Driver Japan eleven 05.2022Investor Report Driver Japan eleven 06.2022
17.06.2022 Investor Report Driver Japan eleven 06.2022
Volkswagen Financial Services (UK) Ltd.
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Driver UK Master C2
Class A Class B Initial Balance 4,624.9m GBP 632.3m GBP Ranking Senior Junior
Initial Credit Enhancement 29.20% 20.80%
Expected Weighted Average Lives 2.09 years 2.15 years Closing Date 25.11.2021
25.11.2021
Expected Repayment Date Mar 2025 Mar 2025 Final Maturity Date
Nov 2029 Nov 2029 Rating (Moody´s / Fitch / S&P) Aaa(sf) / AAA(sf) / AAA(sf) Aa3(sf) / A+(sf) / A+(sf) Coupon SONIA+ 0.57% p.a. SONIA+ 1.20% p.a. Denomination 100,000 GBP 100,000 GBP Payment Frequency monthly monthly Redemption sequential / pro rata
pass throughsequential / pro rata
pass throughForm Registered Notes (NSS) Registered Notes (NSS) Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
DUKM C2 - Final Base Prospectus - Renewal 202125.11.2021 DUKM C2 - Final Base Prospectus - Renewal 2021DUKM C2 - Rating Report Moody's - Renewal 2021
25.11.2021 DUKM C2 - Rating Report Moody's - Renewal 2021DUKM C2 - Rating Report Fitch - Renewal 202125.11.2021 DUKM C2 - Rating Report Fitch - Renewal 2021DUKM C2 - Rating Report S&P - Renewal 2021
25.11.2021 DUKM C2 - Rating Report S&P - Renewal 2021DUKM C2 - Final Verification Report - Renewal 202125.11.2021 DUKM C2 - Final Verification Report - Renewal 2021DUKM C2 - Final STS Notification - Renewal 202125.11.2021 DUKM C2 - Final STS Notification - Renewal 2021New Issue Report Moody's28.05.2019 New Issue Report Moody'sNew Issue Report Fitch28.05.2019 New Issue Report FitchNew Issue Report S&P28.05.2019 New Issue Report S&PDownload Investor Reports
Investor Report Driver UK Master C2 03.202221.04.2022 Investor Report Driver UK Master C2 03.2022Investor Report Driver UK Master C2 04.202223.05.2022 Investor Report Driver UK Master C2 04.2022Investor Report Driver UK Master C2 05.202222.06.2022 Investor Report Driver UK Master C2 05.2022 -
Driver UK Master C4
Class A Class B Initial Balance 684.8m GBP 65.2m GBP Ranking Senior Junior
Initial Credit Enhancement 28.3 % 20.80 %
Expected Weighted Average Lives 2.16 years 2.26 years Closing Date 25.02.2022 25.02.2022 Expected Repayment Date August 2024 August 2024 Final Maturity Date
February 2030
February 2030 Rating (Moody´s / S&P) AAA(sf) / AAA(sf) NR / NR Coupon SONIA + 0.570% p.a. SONIA + 1.20% p.a. Denomination 100,000 GBP 100,000 GBP Payment Frequency monthly monthly Redemption sequential / pro rata /
pass throughsequential / pro rata /
pass throughForm Registered Notes (NSS) Registered Notes (NSS) Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Offering Circular Driver UK Master C425.02.2022 Offering Circular Driver UK Master C4S&P - New Issue Report25.06.2018 S&P - New Issue ReportS&P- Press Release 202225.02.2022 S&P- Press Release 2022Moody's - New Issue Report25.06.2018 Moody's - New Issue ReportMoody's - Press Release 202225.02.2022 Moody's - Press Release 2022Download Investor Reports
Investor Report Driver UK Master Compartment 4 03.202221.04.2022 Investor Report Driver UK Master Compartment 4 03.2022Investor Report Driver UK Master Compartment 4 04.202223.05.2022 Investor Report Driver UK Master Compartment 4 04.2022Investor Report Driver UK Master Compartment 4 05.202222.06.2022 Investor Report Driver UK Master Compartment 4 05.2022 -
Driver UK Master C5
Class A Class B Initial Balance 450m GBP 52.8m GBP Ranking Senior Junior
Initial Credit Enhancement 27.5 % 19.0 %
Expected Weighted Average Lives 3.32 years 3.43 years Closing Date 25.03.2019 25.03.2019 Expected Repayment Date December 2023
December 2023 Final Maturity Date
February 2029
February 2029
Rating (Moody´s / Fitch) Aaa(sf) / AAA(sf) Aa3(sf) / AA(sf) Coupon 1-m-LIBOR+ 0.82% p.a. 1-m-LIBOR + 1.75% p.a. Denomination 100,000 GBP 100,000 GBP Payment Frequency monthly monthly Redemption sequential / pro rata /
pass throughsequential / pro rata /
pass throughForm Registered Notes (NSS) Registered Notes (NSS) Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Offering Circular Driver UK Master C520.03.2019 Offering Circular Driver UK Master C5Fitch - New Issue Report25.03.2019 Fitch - New Issue ReportMoody's - New Issue Report25.03.2019 Moody's - New Issue ReportTSI - Declaration of Undertaking25.03.2019 TSI - Declaration of UndertakingDownload Investor Reports
Investor Report Driver UK Master Compartment 5 03.202221.04.2022 Investor Report Driver UK Master Compartment 5 03.2022Investor Report Driver UK Master Compartment 5 04.202223.05.2022 Investor Report Driver UK Master Compartment 5 04.2022Investor Report Driver UK Master Compartment 5 05.202223.06.2022 Investor Report Driver UK Master Compartment 5 05.2022 -
Private Driver UK 2018-1
Class A Class B Initial Balance 918.7m GBP 87.5m GBP Ranking Senior Junior
Initial Credit Enhancement 27.7 % 20.7 %
Expected Weighted Average Lives 3.23 years 3.34 years Closing Date 26.03.2018 26.03.2018 Expected Repayment Date November 2022 November 2022 Legal Maturity Date
February 2028
February 2028 Rating (S&P / Moody´s) AAA(sf) / Aaa(sf) A+(sf) / Aa1(sf) Coupon 1-m-LIBOR + 0.65% p.a. 1-m-LIBOR + 1.20% p.a. Denomination 100,000 GBP 100,000 GBP Payment Frequency monthly monthly Redemption 24m revolving
period followed by sequential /
pro rata mechanism
pass through24m revolving
period followed by sequential /
pro rata mechanism
pass throughForm Registered Notes Registered Notes Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Offering Circular Private Driver UK 2018-120.03.2018 Offering Circular Private Driver UK 2018-1New Issue Report Moody's26.03.2018 New Issue Report Moody'sNew Issue Report S&P26.03.2018 New Issue Report S&PDownload Investor Reports
Investor Report Private Driver UK 2018-1 03.202221.04.2022 Investor Report Private Driver UK 2018-1 03.2022Investor Report Private Driver UK 2018-1 04.202223.05.2022 Investor Report Private Driver UK 2018-1 04.2022Investor Report Private Driver UK 2018-1 05.202222.06.2022 Investor Report Private Driver UK 2018-1 05.2022 -
Private Driver UK 2020-1
Class A Class B Initial Balance 601.6m GBP 70.1m GBP Ranking Senior Junior
Initial Credit Enhancement 28.8 % 20.25 %
Expected Weighted Average Lives 2.82 years 2.85 years Closing Date 27.04.2020 27.04.2020 Expected Repayment Date January 2026 January 2026 Legal Maturity Date
June 2031
June 2031 Rating (Fitch / S&P) AAA(sf) / AAA(sf)
NR
Coupon SONIA + 62bp p.a. SONIA + 125bp p.a. Denomination 100,000 GBP 100,000 GBP Payment Frequency monthly monthly Redemption 24m revolving
period followed by sequential /
pro rata mechanism
pass through24m revolving
period followed by sequential /
pro rata mechanism
pass throughForm Registered Notes Registered Notes Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Private Driver UK 2020-1 - Offering Circular
27.06.2022 Private Driver UK 2020-1 - Offering CircularPrivate Driver UK 2020-1 - STS Notification
27.06.2022 Private Driver UK 2020-1 - STS Notification
Private Driver UK 2020-1 - Verification Report
27.06.2022 Private Driver UK 2020-1 - Verification Report
Fitch New Issue Report - Private Driver UK 2020-127.04.2020 Fitch New Issue Report - Private Driver UK 2020-1Fitch Press Release - Private Driver UK 2020-127.06.2022 Fitch Press Release - Private Driver UK 2020-1S&P Press Release - Private Driver UK 2020-1
27.06.2022 S&P Press Release - Private Driver UK 2020-1Download Investor Reports
Investor Report Private Driver UK 2020-1 03.202221.04.2022 Investor Report Private Driver UK 2020-1 03.2022
Investor Report Private Driver UK 2020-1 04.202223.05.2022 Investor Report Private Driver UK 2020-1 04.2022
Investor Report Private Driver UK 2020-1 05.202222.06.2022 Investor Report Private Driver UK 2020-1 05.2022
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Driver UK Master regulatory disclosure
The regulatory disclosure section of the Driver UK transactions are stored in separate area of this homepage. To access them, you need to accept the disclaimer. Please click here to open the regulatory disclosure section of the Driver UK transactions.
Volkswagen Financial Services Australia Pty Ltd.
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Driver Australia Master
Class A Notes Class B Notes Initial Balance 1,400.0m AUD 200.0m AUD
Ranking Senior Junior Initial Credit Enhancement 17.00 % 10.80 %
Expected Weighted Average Lives 2.2 years 2.25 years Closing Date 29.12.2021 29.12.2021 Expected Repayment Date 25.08.2026 25.08.2026 Legal Maturity Date
25.02.2031 25.02.2031
Rating (Fitch / S&P) AAA(sf) / AAA(sf) A+(sf) / A+(sf) Coupon 1-m-BBSW + 0.75% p.a. 1-m-BBSW + 1.10% p.a. Denomination 100,000 AUD 100,000 AUD Payment Frequency monthly monthly Redemption sequential / pro rata /
pass throughsequential / pro rata /
pass throughForm Global Registered Note Global Registered Note Listing Australian Securities Exchange Australian Securities Exchange Download Main Documents
Offering Circular Driver Australia Master29.12.2021 Offering Circular Driver Australia MasterFinal Rating Report S&P
29.12.2021 Final Rating Report S&P
Fitch Press Release29.12.2021 Fitch Press ReleaseDownload Investor Reports
Investor Report Driver Australia Master 03.202219.04.2022 Investor Report Driver Australia Master 03.2022Investor Report Driver Australia Master 04.202218.05.2022 Investor Report Driver Australia Master 04.2022Investor Report Driver Australia Master 05.202220.06.2022 Investor Report Driver Australia Master 05.2022 -
Driver Australia six
Class A Class B Initial Balance 887m AUD 50m AUD
Ranking Senior Junior
Initial Credit Enhancement 12.50 % 7.5 %
Expected Weighted Average Lives 1.73 years 2.77 years Closing Date 25.10.2019 25.10.2019 Expected Repayment Date August 2023 August 2023 Final Maturity Date
December 2027 December 2027 Rating (Fitch / S&P / Moody´s) AAA(sf) / AAA(sf) / Aaa(sf) AAA(sf) / A+(sf) / Aaa(sf) Coupon 1-m-BBSW + 90bps p.a. 1-m-BBSW + 135bps p.a. Denomination 100,000 AUD 100,000 AUD Payment Frequency monthly monthly Redemption sequential / pro rata /
pass throughsequential / pro rata /
pass throughForm Registered Registered Listing Australian Securities Exchange Australian Securities Exchange Download Main Documents
Offering Circular Driver Australia six25.10.2019 Offering Circular Driver Australia sixNew Issue Report Fitch25.10.2019 New Issue Report FitchNew Issue Report S&P25.10.2019 New Issue Report S&PDownload Investor Reports
Investor Report Driver Australia six 03.202219.04.2022 Investor Report Driver Australia six 03.2022Investor Report Driver Australia six 04.202216.05.2022 Investor Report Driver Australia six 04.2022Investor Report Driver Australia six 05.202217.06.2022 Investor Report Driver Australia six 05.2022 -
Driver Australia seven
Class A Class B Initial Balance 526.2m AUD 33m AUD Ranking Senior Junior
Initial Credit Enhancement 13.50 % 8.0 % Expected Weighted Average Lives 1.85 years 2.84 years Closing Date 22.11.2021 22.11.2021 Expected Repayment Date December 2025 December 2025 Final Maturity Date
January 2030 January 2030 Rating (Moody´s / Fitch) Aaa(sf) / AAA(sf) Aa2(sf) / NR Coupon 1-m-BBSW + 70bps p.a. 1-m-BBSW + 100bps p.a. Denomination 100,000 AUD 100,000 AUD Payment Frequency monthly monthly Redemption sequential / pro rata /
pass throughsequential / pro rata /
pass throughForm Registered Registered Listing Australian Securities Exchange Australian Securities Exchange Download Main Documents
Offering Circular Driver Australia seven22.11.2021 Offering Circular Driver Australia sevenFitch Driver Seven Press Release22.11.2021 Fitch Driver Seven Press ReleaseNIR Report Moodys22.11.2021 NIR MoodysDownload Investor Reports
Investor Report Driver Australia seven 03.202219.04.2022 Investor Report Driver Australia seven 03.2022Investor Report Driver Australia seven 04.202216.05.2022 Investor Report Driver Australia seven 04.2022Investor Report Driver Australia seven 05.202217.06.2022 Investor Report Driver Australia seven 05.2022 -
Driver Australia regulatory disclosure
The regulatory disclosure section of the Driver Australia transactions are stored in separate area of this homepage. To access them, you need to accept the disclaimer. Please click here to open the regulatory disclosure section of the Driver Australia transactions.
Volkswagen Finance (China) Co., Ltd.
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Driver China nine
Class A Initial Balance 5,370m RMB Ranking Senior Initial Credit Enhancement 11.70 % Expected Weighted Average Lives 1.66 years Closing Date 28.11.2019 Expected Repayment Date June 2022 Legal Maturity Date
September 2027
Domestic Rating (Lianhe / CBR / Fitch / Moody´s) AAA (sf) / AA+ (sf) / AA+ (sf) / Aaa (sf) Coupon 3.49% p.a. Denomination 100 RMB Payment Frequency monthly Redemption sequential / pro rata /
pass throughForm Registered Notes Listing China Central Depository and Clearing Co., Ltd. Download Main Documents
Driver China 9 - Offering Circular (english)05.12.2017 Driver China 9 - Offering Circular (english)Driver China 9 - Offering Circular (chinese)05.12.2017 Driver China 9 - Offering Circular (chinese)CBR - Rating Report05.12.2017 CBR - Rating ReportLianhe - Rating Report05.12.2017 Lianhe - Rating ReportFitch - Rating Report05.12.2017 Fitch - Rating ReportMoody's - Rating Report05.12.2017 Moody's - Rating ReportDownload Investor Reports
Investor Report Driver China nine 03.202222.04.2022 Investor Report Driver China nine 03.2022
Investor Report Driver China nine 04.202220.05.2022 Investor Report Driver China nine 04.2022
Investor Report Driver China nine 05.202222.06.2022 Investor Report Driver China nine 05.2022
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Driver China ten
Class A Initial Balance 5,380m RMB Ranking Senior Initial Credit Enhancement 11.53 % Expected Weighted Average Lives 1.68 years Closing Date 27.03.2020 Expected Repayment Date November 2022 Legal Maturity Date
January 2028
Rating (CBR / S&P local / S&P international) AA+ (sf) / AAA (sf) / AAA(sf) Coupon 2,9 % p.a. Denomination 100 RMB Payment Frequency monthly Redemption sequential / pro rata /
pass throughForm Registered Notes Listing China Central Depository and Clearing Co., Ltd. Download Main Documents
Driver China 10 - Offering Circular (english)05.12.2017 Driver China 10 - Offering Circular (english)Driver China 10 - Offering Circular (chinese)05.12.2017 Driver China 10 - Offering Circular (chinese)Driver China 10 - New Issue Report S&P global05.12.2017 Driver China 10 - New Issue Report S&P globalDriver China 10 - New Issue Report S&P local05.12.2017 Driver China 10 - New Issue Report S&P localDriver China 10 - New Issue Report CBR05.12.2017 Driver China 10 - New Issue Report CBRDownload Investor Reports
Investor Report Driver China ten 03.202222.04.2022 Investor Report Driver China ten 03.2022
Investor Report Driver China ten 04.202220.05.2022 Investor Report Driver China ten 04.2022
Investor Report Driver China ten 05.202222.06.2022 Investor Report Driver China ten 05.2022
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Driver China eleven
Class A Initial Balance 7,102m RMB Ranking Senior Initial Credit Enhancement 12.81 % Expected Weighted Average Lives 1.79 years Closing Date 26.11.2020 Expected Repayment Date November 2023 Legal Maturity Date
September 2028
Rating (CBR / S&P (China) / S&P Global) AA+ (sf) / AAA (sf) / AAA (sf) Coupon 3.8 % p.a. Denomination 100 RMB Payment Frequency monthly Redemption sequential / pro rata /
pass throughForm Registered Notes Listing China Central Depository and Clearing Co., Ltd. Download Main Documents
Driver China 11 - Offering Circular (english)27.11.2020 Driver China 11 - Offering Circular (english)Driver China 11 - Offering Circular (chinese)27.11.2020 Driver China 11 - Offering Circular (chinese)Driver China 11 - New Issue Report CBR27.11.2020 Driver China 11 - New Issue Report CBR
Driver China 11 - New Issue Report S&P (China)27.11.2020 Driver China 11 - New Issue Report S&P (China)Driver China 11 - New Issue Report S&P Global
27.11.2020 Driver China 11 - New Issue Report S&P GlobalDownload Investor Reports
Investor Report Driver China eleven 03.202222.04.2022 Investor Report Driver China eleven 03.2022
Investor Report Driver China eleven 04.202220.05.2022 Investor Report Driver China eleven 04.2022
Investor Report Driver China eleven 05.202222.06.2022 Investor Report Driver China eleven 05.2022
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Driver China twelve
Class A Initial Balance 5,326m RMB Ranking Senior Initial Credit Enhancement 12.43 % Expected Weighted Average Lives 1.21 years Closing Date 27.05.2021 Expected Repayment Date November 2023 Legal Maturity Date
June 2028
Rating (CBR / Lianhe / Moody's) AA+ (sf) / AAA (sf) / Aaa (sf) Coupon 3.2 % p.a. Denomination 100 RMB Payment Frequency monthly Redemption sequential / pro rata /
pass throughForm Registered Notes Listing China Central Depository and Clearing Co., Ltd. Download Main Documents
Driver China 12 - Offering Circular (English)01.06.2021 Driver China 12 - Offering Circular (English)Driver China 12 - Offering Circular (Chinese)01.06.2021 Driver China 12 - Offering Circular (Chinese)Driver China 12 - New Issue Report Lianhe01.06.2021 Driver China 12 - Presale Report LianheDriver China 12 - New Issue Report CBR01.06.2021 Driver China 12 - New Issue Report CBRDriver China 12 - New Issue Report Moody's01.06.2021 Driver China 12 - New Issue Report Moody'sDownload Investor Reports
Investor Report Driver China twelve 03.202222.04.2022 Investor Report Driver China twelve 03.2022Investor Report Driver China twelve 04.202220.05.2022 Investor Report Driver China twelve 04.2022Investor Report Driver China twelve 05.202222.06.2022 Investor Report Driver China twelve 05.2022 -
Driver China thirteen
Class A Initial Balance 7,136m RMB Ranking Senior Initial Credit Enhancement 12.00 % Expected Weighted Average Lives 1.27 years Closing Date 17.11.2021 Expected Repayment Date June 2024 Legal Maturity Date
December 2028
Rating (CBR / CCXI / Moody's) AA+ (sf) / AAA (sf) / Aaa (sf) Coupon 3.16% p.a. Denomination 100 RMB Payment Frequency monthly Redemption sequential / pro rata /
pass throughForm Registered Notes Listing China Central Depository and Clearing Co., Ltd. Download Main Documents
Driver China 13 - Offering Circular (English)17.11.2021 Driver China 13 - Offering Circular (English)Driver China 13 - Offering Circular (Chinese)17.11.2021 Driver China 13 - Offering Circular (Chinese)Driver China 13 - New Issue Report CCXI17.11.2021 Driver China 13 - New Issue Report CCXIDriver China 13 - New Issue Report CBR17.11.2021 Driver China 13 - New Issue Report CBRDriver China 13 - New Issue Report Moody's17.11.2021 Driver China 13 - New Issue Report Moody'sDownload Investor Reports
Investor Report Driver China thirteen 03.202222.04.2022 Investor Report Driver China thirteen 03.2022Investor Report Driver China thirteen 04.202220.05.2022 Investor Report Driver China thirteen 04.2022Investor Report Driver China thirteen 05.202222.06.2022 Investor Report Driver China thirteen 05.2022
Volkswagen Pon Financial Services B.V.
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VCL Master Netherlands B.V.
Class A Notes Class B Notes Balance on Renewal 684.2m EUR 76.6m EUR
Ranking Senior Junior
Initial Credit Enhancement 32.90 % 25.40 %
Expected Weighted Average Lives 2.48 years 2.78 years Closing Date 25.11.2021 25.11.2021 Expected Repayment Date January 2026 January 2026 Legal Maturity Date
March 2029
March 2029 Domestic Rating (DBRS/ Moody´s) AAA(sf) / Aaa(sf) Not Rated Coupon 1-m-EURIBOR + 0.52% p.a. 1-m-EURIBOR + 1.10% 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 Notes Global Registered Notes Listing Luxembourg Stock Exchange Luxembourg Stock Exchange Download Main Documents
Prospectus VCL Master NL25.11.2021 Prospectus VCL Master NLPress Release Moody's25.11.2021 Press Release Moody'sPress Release DBRS25.11.2021 Press Release DBRSNew Issue Report Moody's10.12.2019 New Issue Report Moody'sNew Issue Report DBRS25.11.2021 New Issue Report DBRSSTS Notification VCL Master NL 11.202101.02.2022 STS Notification VCL Master NL 11.2021SVI Verification Report VCL Master NL 11.202125.11.2021 SVI Verification Report VCL Master NL 11.2021SVI CRR Assessment VCL Master NL 11.202125.11.2021 SVI Preliminary CRR Assessment VCL Master NL 11.2021Download Investor Reports
Investor Report VCL Master Netherlands 03.202219.04.2022 Investor Report VCL Master Netherlands 03.2022Investor Report VCL Master Netherlands 04.202218.05.2022 Investor Report VCL Master Netherlands 04.2022Investor Report VCL Master Netherlands 05.202220.06.2022 Investor Report VCL Master Netherlands 05.2022
