Bloomberg News

Volkswagen Australia Unit Sells A$150 Million of Bonds Due 2014

November 16, 2011

Nov. 16 (Bloomberg) -- Volkswagen Financial Services Australia Pty sold A$150 million of three-year bonds, according to an e-mailed statement from Australia & New Zealand Banking Group Ltd., which helped manage the sale.

The 5.25 percent notes were priced to yield 135 basis points more than the swap rate, according to the statement. HSBC Holdings Plc also helped to manage the sale.

To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net

To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net


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