Auto Finance News Volkswagen Leasing growth prompts €2.25bn bond placement Published: 27th September 2017 Share Volkswagen Leasing has placed two bonds worth €2.25 billion euros to fund leasing portfolio growth. The majority of the investors participating in the issue were European with a share of over 90%, with the highest regional concentration in Germany and France. Frank Fiedler, chief financial officer of Volkswagen Financial Services, said: “Our leasing portfolio has grown continuously over the last few years. “During the first half of 2017, the level of current leasing contracts grew worldwide by 8%. “Our good positioning on the capital market is supporting this growth.” Altogether, the transaction was more than two times oversubscribed, with Fiedler adding: “We assess the current transaction as very successful. The high demand shown once again by numerous investors confirms the high level of acceptance we have achieved on the capital market. “ Volkswagen Leasing is a wholly-owned subsidiary of Volkswagen Financial Services, which has more than 15,000 employees worldwide and total assets of around €170 billion, with 18.2 million current contracts at the end of last year. Finance Connect Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsCorporate fleets drive EV uptake in Europe NewsICE vehicles still lead as EV interest grows, TARGOBANK study finds NewsZenobē expands North American fleet with Revolv acquisition Auto Finance
