Volkswagen to redeem €1.1 billion reset subordinated perpetuals

By William Gullotti

Buffalo, N.Y., Feb. 11 – Volkswagen International Finance NV issued a redemption notice for its €1.1 billion undated subordinated notes with interest rate reset (ISIN: XS1206540806), according to a notice on Friday.

The notes, issued March 20, 2015, will be redeemed on the first call date of March 21 at par plus accrued interest up to but excluding the first call date.

The financing arm of Volkswagen is based in Amsterdam.

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