VW Australia launches and prices A$125 million 2013 in a day

Volkswagen Financial Services Australia (VW Australia) (A-/A3) launched and priced its fourth domestic medium-term note (MTN) issue since June last year on August 12, upsizing the three-year deal to A$125 million (US$112.2 million) from A$100 million. The deal becomes the first Australian corporate issue in August, although market sources say the corporate pipeline is strong and another transaction has already launched.