VW's Dim Sum bonds
Source: Bloomberg News |
May 17, 2011, Tuesday
|
Print Edition
Print Edition
VOLKSWAGEN AG plans to sell up to 1.5 billion yuan (US$231 million) of five-year bonds in Hong Kong, becoming the first foreign car firm to issue so-called Dim Sum bonds.
VW intends to price the bonds to yield between 2 percent and 2.25 percent, Andreas Hoffbauer, a Beijing-based spokesman for Volkswagen, said yesterday. The Bank of China, HSBC Holdings Plc and Standard Chartered Plc are managing the sale of the senior, unsecured notes, a source said.
VW intends to price the bonds to yield between 2 percent and 2.25 percent, Andreas Hoffbauer, a Beijing-based spokesman for Volkswagen, said yesterday. The Bank of China, HSBC Holdings Plc and Standard Chartered Plc are managing the sale of the senior, unsecured notes, a source said.
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