Volkswagen Bank GmbH / Key word(s): Miscellaneous
23.02.2011 12:27
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Braunschweig - Today, the Board of Management of Volkswagen Bank GmbH has
decided to exercise its early redemption option and to call the 'Euro
130,000,000 Floating Rate Subordinated Notes due 2016 (10NC5)' (ISIN
XS0246359532, WKN A0BNZQ) issued on March 3rd, 2006 and listed on the
regulated market of the Luxembourg Stock Exchange. All Notes will be
redeemed at par value on March 14th, 2011.
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Information and Explaination of the Issuer to this News:
With regard to the repayment date foreseen in the Terms and Conditions of
the Notes falling in 2016, the Notes are currently trading below par value.
It can be expected that the Notes will trade at approximately 100 per cent
upon the announcement of the early redemption.
23.02.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Volkswagen Bank GmbH
Gifhorner StraÃe 57
38112 Braunschweig
Deutschland
Phone: 0531-212-3888
Fax: 0531-212-3531
E-mail: info@vwfs.com
Internet: www.vwfs.de
ISIN: DE0008107921
WKN: 810792
Listed: Regulierter Markt in Frankfurt (General Standard); Luxembourg
End of Announcement DGAP News-Service
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DGAP-Adhoc: Volkswagen Bank GmbH: Call Euro 130,000,000 Floating Rate Subordinated Notes due 2016 (10NC5)(ISIN XS0246359532, WKN A0BNZQ)
| Source: EQS Group AG