Practice Areas - Debt Capital Markets Law Firms and Lawyers
Deal Date: | 20-11-2013 | Practice Area: | Debt Capital Markets |
Deal Title: | Volkswagen International Finance Notes Offering | Industry: | Automobiles & Parts |
Description: |
Clifford Chance advised Volkswagen Aktiengesellschaft and its subsidiary Volkswagen International Finance N.V. on the issuance of USD2.15 billion of bonds by Volkswagen International Finance N.V. primarily to U.S. institutional investors pursuant to Rule 144A of the Securities Act of 1933. The bonds are irrevocably and unconditionally guaranteed by Volkswagen Aktiengesellschaft.
Volkswagen International Finance's five issuances of bonds primarily to U.S. institutional investors since August 2010 have thus far resulted in a total of USD12.5 billion in funding for the Volkswagen Group.
The bonds were issued in four tranches: the USD500 million 1.125% senior notes due 2016, the USD500 million 2.125% senior notes due 2018, the USD750 million floating rate senior notes due 2016, and the USD400 million floating rate senior notes due 2015.
The Clifford Chance team consisted of partner Dr. George Hacket, counsel David Detweiler and associate Ryan Dunmire (all US law, Banking & Capital Markets, Frankfurt), partner Dr. Wolfgang Richter (Corporate, Frankfurt), partner Frank Graaf, counsel Jurgen van der Meer and associate Moussa Louizi (all Finance & Capital Markets, Amsterdam) as well as partner Stuart Dunlop and associates Reena Parmar and Kathryn McArdle (all Capital Markets, London).
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Financial Center: | Frankfurt | Value: | 1000.01-5000.00 |
Advised Party: | Issuer | Law Firm | Clifford Chance |
Issuer Jurisdiction | Germany | Listing Jurisdiction | Germany |
Classification: |
Corporate Bonds Senior Debt |
Lawyer | George T Hacket |