News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Bank trio drives home Volkswagen convertible

A triumvarate of investment banks have placed what one banker believes is the biggest corporate mandatory convertible bond in Europe ever

Volkswagen has employed a trio of investment banks to place the largest convertible bond in Europe since 2009, and according to one banker, the “largest corporate mandatory convertible deal ever”.

Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank were employed by Volkswagen to place a €2.5bn mandatory convertible bond, up from the original €2.1bn originally planned.

WSJ Logo