VWFS mandates Australian dollar Reg S senior deal

Volkwagen Financial Services Australia (VWFS) (BBB+/A3) revealed plans for a benchmark-sized, Australian dollar-denominated, five-year transaction on 5 September. According to the forthcoming transaction’s lead managers, Citi and HSBC, the Reg S-only deal will emerge in the near future in either or both of fixed- and floating-rate format.