Volkswagen Bank Plans Three-Year Benchmark Euro Bond

21st Jun 2010 08:57

LONDON (Dow Jones)--Volkswagen Bank GmbH has hired Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA as joint bookrunners on a three-year, euro-denominated, benchmark bond issue, one of the banks said Monday. The issuer is rated A2 by Moody's Investors Service. Order books are open and pricing is expected later Monday. Volkswagen Bank is a wholly owned unit of Volkswagen Financial Services AG, part of German auto maker Volkswagen AG (VOW.XE). -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires June 21, 2010 03:57 ET (07:57 GMT)