Volkswagen Australia launches dual-tranche domestic deal

On 30 March, Volkswagen Financial Services Australia (Volkswagen Australia) (BBB+/A3) launched a domestic benchmark transaction. Offered in either or both three- and five-year tenors, indicative price guidance for the deal is 95 and 120 basis points area over semi-quarterly swap. Pricing is expected on the day of launch, according to lead managers ANZ, HSBC and MUFG Securities.