By Sarka Halas
German auto-maker Volkswagen AG (VOW.XE) has set pricing on its 200 million sterling minimum, three-year bond in the range of 115 basis points to 120 basis points over gilts, one of the banks running the deal said Thursday.
HSBC Holdings PLC and RBC Capital Markets are the lead managers on the deal, which is expected to price later Thursday.
The issuer is rated A3 by Moody's Investors Services and A- by Standard and Poor's Corp.
Write to Sarka Halas at firstname.lastname@example.org
(END) Dow Jones Newswires
August 09, 2012 04:14 ET (08:14 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.