Volkswagen Leasing growth prompts €2.25bn bond placement

Frank Fiedler, chief financial officer of Volkswagen Financial Services, said: “Our leasing portfolio has grown continuously over the last few years.

“During the first half of 2017, the level of current leasing contracts grew worldwide by 8%.

“Our good positioning on the capital market is supporting this growth.”

Altogether, the transaction was more than two times oversubscribed, with Fiedler adding: “We assess the current transaction as very successful. The high demand shown once again by numerous investors confirms the high level of acceptance we have achieved on the capital market. “

Volkswagen Leasing is a wholly-owned subsidiary of Volkswagen Financial Services, which has more than 15,000 employees worldwide and total assets of around €170 billion, with 18.2 million current contracts at the end of last year.