Volkswagen Australia deal defies Daimler downgrade
- Wednesday, 24 June 2009
On 19 June Volkswagen Financial Services Australia (Volkswagen) (A-/A3) launched and priced a two-year A$100 million (US$78 million) transaction. The deal, which matures on June 22 2011 and carries a 7 per cent coupon, priced at 285 basis points over mid swap.
