Led by Frankfurt partner Dr. Jochen Seitz, global law firm Hogan Lovells advised a syndicate of banks consisting of BofA Securities Europe SA, DBS Bank Ltd., Deutsche Bank Aktiengesellschaft, Intesa Sanpaolo S.p.A., Mizuho Bank Europe N.V. and UniCredit Bank GmbH on the placement of three Green Bonds issued by Volkswagen Bank GmbH with a total issuance volume of EUR 2.5 billion.
While the bond featuring a term of two years has a floating interest rate, the other bonds featuring terms of four and seven years have coupons of 3.125 and 3.750 per cent p.a. respectively. The bonds were successfully placed and admitted to trading on the regulated market of the Luxembourg Stock Exchange on 10 December 2025.
The senior preferred bonds were issued as green bonds in accordance with the Green Finance Framework of Volkswagen Financial Services AG, the parent company of Volkswagen Bank GmbH, as of November 2025, which follows the ICMA Green Bond Principles. The proceeds are to be used to refinance eligible green projects relating to financing products for BEVs (Battery Electric Vehicles), i.e. purely battery-powered vehicles. In doing so, Volkswagen Bank GmbH is supporting the sales of electric vehicles from the Volkswagen Group brands.
The Hogan Lovells team has been advising the banks for many years with regard to the debt issuance programmes of Volkswagen Financial Services AG et al.
Hogan Lovells team for the banks
Dr. Jochen Seitz (Partner), Dr. Stefan Wollmert-Schrewe (Counsel), Anna Hersener (Associate) (all Debt Capital Markets, Frankfurt)
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