Volkswagen exercises first call option for €750 million of subordinated notes

By Mary-Katherine Stinson

Lexington, Ky., July 28 – Volkswagen International Finance NV said it will be exercising its redemption option on the first call date for its €750 million of undated subordinated notes subject to an interest rate reset (ISIN: XS0968913342), according to a notice.

The notes were issued on Sept. 4, 2013.

All outstanding notes will be redeemed on Sept. 4 at par plus any unpaid interest and any arrears of interest.

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

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