BOND COMPLEXITY : HIGHISIN: XS1206541366
VW 3.500% Perpetual Corp (EUR)
VOLKSWAGEN INTERNATIONAL FINANCE NV
Indicative Bid Price
96.098
Bid Yield to Worst
4.435%
Bid Yield to Call
4.669%
Min. Investment (Nominal)
1000
Indicative Ask Price
96.593
Ask Yield to Worst
4.313%
Ask Yield to Call
4.517%
Next Call Date
19 Mar 2030
Credit Rating (Bond)
BBB
Investment Grade
Seniority
Junior Subordinated
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to WorstAsk Yield to WorstBid Yield to CallAsk Yield to Call8. Jun10. Jun12. Jun14. Jun16. Jun18. Jun20. Jun22. Jun24. Jun26. Jun28. Jun30. Jun2. Jul4. Jul6. Jul4.14.24.34.44.54.64.74.8FSM Global
Bond Information
Volkswagen International Finance NV is a special purpose company formed to finance and to participate in companies and enterprises. The Company may borrow, raise, and secure money including issuance of bonds, convertible bonds, stock, and securities.
Bond Issuer
Volkswagen International Finance NV
Guarantor
Volkswagen AG
Announcement Date
16 Mar 2015
Issue Date
19 Mar 2015
Maturity Date / Next Call Date
Perpetual / 19 Mar 2030
Years to Maturity / Next Call
Perpetual / 3.701
Issue/Reoffer Price
98.573
Issue/Reoffer Yield
3.625
Coupon Type
Variable
Annual Coupon Rate (%)
3.5
Annual Coupon Frequency
Annually
Seniority
Junior Subordinated
Exchange Listed
Others
Reference Rate
Reset Date: 20 March 2030
Reset Rate: EUR 15Y SWAP + 3.060%
Reset Date: 20 March 2050
Reset Rate: EUR 15Y SWAP + 3.810%
ISIN
XS1206541366
CUSIP
EK8115793
Bond Currency
EUR
Total Issue Size
EUR 1,400,000,000
Minimum Investment Quantity (Nominal)
EUR 1,000
Incremental Quantity (Nominal)
EUR 1,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Consumer Discretionary
Bond Sub Sector
Automobiles
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/BBB
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Non-Cumulative Deferral

Interest which accrues during an Interest Period will be due and payable (on the relevant Interest Payment Date, unless the Issuer elects, by giving notice to the Noteholders not less than 10 Business Days prior the relevant Interest Payment Date in accordance with § 13, to defer the relevant payment of interest (in whole but not in part).

If the Issuer elects not to pay accrued interest on an Interest Payment Date, then it will not have any obligation to pay such interest on such Interest Payment Date. Any such non-payment of interest will not constitute a default of the Issuer or any other breach of its obligations under the Notes or for any other purpose.
The Issuer may, upon giving not less than 20 nor more than 40 days notice pursuant to § 13 call the Notes for redemption (in whole but not in part) for the first time with effect as of the First Call Date and subsequently with effect as of each Interest Payment Date thereafter. In this case the Issuer shall redeem each Note at its Principal Amount plus accrued and unpaid interest and any Arrears of Interest on the redemption date specified in the notice.

First Call Date: 20-March-2030
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (WORST)
06 Jul 202696.09896.5934.5174.313
05 Jul 202696.06596.5654.5254.320
02 Jul 202696.03196.5654.5244.319
01 Jul 202695.97896.5254.5354.329
30 Jun 202695.99596.5174.5364.329
29 Jun 202695.89496.4524.5554.345
28 Jun 202696.12496.6264.5014.302
25 Jun 202696.15396.6524.4934.295
24 Jun 202696.04796.5644.5194.316
23 Jun 202696.00196.5154.5324.327
Total of 65 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating
CHANGE DATE
S&P Bond S&P Issuer Fitch Bond Fitch Issuer
30 Oct 2023 *** *** BBB+ -> BBBN.R
Total of 1 entries
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Related Documents
pdfIcon
Offering Circular
EUR 1,400,000,000 Undated Subordinated Notes. Prospectus dated March 18, 2015.
Related Bonds

No data available

FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
EUR 985.00
Years to Call
3 years 7+ months
Est. Total Income
EUR 140.00
Yield to Call
4.079%
Indicative Cash Flow
Nominal Value
EUR 1,000.00
  • 2030
    Mar
    Coupon
    EUR 35.00
    Early Redemption
    EUR 1,000.00
  • 2029
    Mar
    Coupon
    EUR 35.00
  • 2028
    Mar
    Coupon
    EUR 35.00
  • 2027
    Mar
    Coupon
    EUR 35.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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