Volkswagen exercises first call option for subordinated notes

Chicago, Nov. 7 – Volkswagen International Finance NV said it will be exercising its option to redeem its notes on the first call date for its €1.5 billion undated subordinated notes subject to an interest rate reset (ISIN: XS162968755), according to a notice.

The notes were issued on June 14, 2017.

The notes will be redeemed on Dec. 14 at par plus any unpaid interest.

The financing arm of Volkswagen is based in Amsterdam. Volkswagen, a German automotive manufacturer, is based in Wolfsburg, Germany.

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