Archiv 2007

Volkswagen Car Lease 10 (VCL 10) was successfully placed with a broad range of investors on November 2nd. This was the first benchmark ABS transaction since August 2007 to be fully marketed to investors via a roadshow and subsequent bookbuilding process. The syndicate of banks, led by WestLB as Sole Bookrunner and Fortis, was able to price both tranches at the lower end of the price range thanks to significant investor demand and oversubscription levels.

As of immediately, Volkswagen Financial Services AG (VWFSAG) is represented in Mexico by its own captive automobile bank. As the first such automobile bank, Volkswagen Bank Mexico is not only taking on a pioneering role on the Mexican market for the future, it is also the only institute to date that is in a position to provide direct bank products to that country's private customer segment.

Volkswagen Financial Services AG sells its indirect 51% stake in vdf Otomotiv Fleet Services A.S., Istanbul/Turkey to LeasePlan Corporation N.V.

Volkswagen Financial Services and HSBC Bank Argentina have formed a partnership to offer customers in Argentina a range of vehicle finance options under the Volkswagen Financial Services brands through Volkswagen and Audi dealerships across the country.