VW Bank Prices EUR1B 3-Year Bond At 99.797, Swaps +0.80

21st Jun 2010 15:44

LONDON (Dow Jones)--Volkswagen Bank GmbH has priced a EUR1 billion, three-year bond offering, with the following terms, joint lead-managers Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA said Monday: Amount: EUR 1 billion Maturity: June 28, 2013 Coupon: 2.375% Reoffer Price: 99.797 Payment Date: June 28, 2010 Spread: 80 basis points over mid-swaps Debt Ratings: A2 (Moody's) Listing: Luxembourg Volkswagen Bank is a wholly owned unit of Volkswagen Financial Services AG, part of German auto maker Volkswagen AG (VOW.XE). -By Carol Dean, Dow Jones Newswires; 44 20 7842 9306; [email protected] (END) Dow Jones Newswires June 21, 2010 10:44 ET (14:44 GMT)