Hogan Lovells advises banks on the placement of three Green Bonds of Volkswagen Financial Services AG with a total issuance volume of EUR 2.75 billion

The bonds feature terms of 2.5, 4.5 and 7 years and coupons of 3.250, 3.625 and 3.875 per cent p.a. respectively and were successfully placed and admitted to trading on the regulated market of the Luxembourg Stock Exchange on 19 November 2024.

The bonds were issued as green bonds in accordance with the ICMA Green Bond Principles. The proceeds are to be used to finance and/or refinance eligible green projects relating to vehicles with zero-tailpipe emissions in accordance with the Green Finance Framework of Volkswagen Financial Services AG as of September 2024. 

This is the first issuance under the newly established debt issuance programme of Volkswagen Financial Services AG following the successful implementation of the corporate restructuring of Volkswagen Financial Services AG, Volkswagen Bank GmbH and Volkswagen Financial Services Overseas AG as of 1 July 2024. 

The Hogan Lovells team has been advising the banks for many years with regard to the debt issuance programmes of Volkswagen Financial Services AG.

Hogan Lovells team for the banks 

Dr Jochen Seitz (Partner), Dr Stefan Schrewe (Counsel), Anna Hersener (Associate), Ylenia Ruggieri (Senior Business Lawyer) (all Debt Capital Markets, Frankfurt)