Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content - S&P Global Ratings’ Credit Research

Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content

Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content - S&P Global Ratings’ Credit Research
Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content
Published Nov 05, 2026
Published Nov 05, 2026
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MILAN (S&P Global Ratings) Nov. 05, 2026--S&P Global Ratings today said that it assigned its'BBB-'long-term issue rating to the proposed two tranches of five-and-3/4-year noncall and eight-year noncall, perpetual, optionally deferrable, and subordinated hybrid notes to be issued by Volkswagen International Finance N.V. The proposed notes will be guaranteed by the parent company, Germany-based automaker Volkswagen AG (VW; BBB+/Negative/A-2). The completion and size of the transaction will be subject to market conditions, but we anticipate total issuance of at least €1.9 billion. VW plans to use the proceeds to refinance its outstanding €2.0 billion hybrid instrument, which has a first call date in June 2027, and fits outstanding €1.0 billion hybrid instrument with a call date in December

  
Report Type:

Ratings Action

Ticker
1401Z@NA
Issuer
Volkswagen International Finance N.V.
Sector
Global Issuers
Country
Netherlands
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content" Nov 05, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Volkswagen-s-Proposed-Hybrid-Securities-Rated-BBB-And-Assigned-Intermediate-Equity-Content-3654973>
  
APA:
S&P Global Ratings’ Credit Research. (). Volkswagen's Proposed Hybrid Securities Rated'BBB-'And Assigned Intermediate Equity Content Nov 05, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Volkswagen-s-Proposed-Hybrid-Securities-Rated-BBB-And-Assigned-Intermediate-Equity-Content-3654973>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.