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Volkswagen’s real estate arm launched a debut green Schuldschein on Wednesday, the first of the year.
ING and LBBW are offering investors seven, 10, 12 and 15 year tranches, with pricing margins in the area of 90bp, 95bp-110bp, 125bp and 130bp respectively. The initial target is €100m but is expected to increase, according to bankers familiar with the trade.
Green Schuldscheine are still quite rare, although market participants expect more to emerge if there is a...
