VW Bank To Price EUR1B 3-Year Bond At Swaps +0.80-0.85

21st Jun 2010 10:30

LONDON (Dow Jones)--Volkswagen Bank GmbH has set price guidance on its EUR1 billion, three-year bond issue between 80 and 85 basis points over mid-swaps, one of the lead-managing banks on the deal said Monday. Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA are leading the deal, which is expected to launch and price later Monday, subject to market conditions. The issuer is rated A2 by Moody's Investors Service Inc. Volkswagen Bank is a wholly owned unit of Volkswagen Financial Services AG, part of German auto maker Volkswagen AG (VOW.XE). -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349; [email protected] (END) Dow Jones Newswires June 21, 2010 05:30 ET (09:30 GMT)