Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 24-11-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Volkswagen Group of America Finance Bonds due 2017, due 2019 | Industry: | Automobiles & Parts |
| Description: |
Clifford Chance advised Volkswagen Aktiengesellschaft and Volkswagen Group of America Finance, LLC on the issuance of USD2.0 billion of bonds by Volkswagen Group of America Finance, LLC primarily to US institutional investors pursuant to Rule 144A of the Securities Act of 1933.
The bonds are irrevocably and unconditionally guaranteed by Volkswagen Aktiengesellschaft. This was Volkswagen Group of America Finance LLC's second issuance of bonds to U.S institutional investors.
The bonds were issued in three tranches: the USD750 million 1.600% senior notes due 2017, the USD750 million 2.450% senior notes due 2019 and the USD500 million floating rate senior notes due 2017.
The Clifford Chance advisory team consisted of partner George Hacket, counsel David Detweiler and associates Ryan Dunmire and Sarah Steece (US law, all Banking and Capital Markets, Frankfurt).
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| Financial Center: | Frankfurt | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Germany | Listing Jurisdiction | United States |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | George T Hacket |
