Hogan Lovells advises banks on the debut placement of Green Bonds of Volkswagen Bank GmbH with a total issuance volume of EUR 1.5 billion

The senior preferred bonds feature terms of 3 and 6 years and coupons of 2.750 and 3.500 per cent p.a. respectively and were successfully placed and admitted to trading on the regulated market of the Luxembourg Stock Exchange on 19 June 2025. This is the first green bond transaction in the history of Volkswagen Bank GmbH.

The bonds were issued as green bonds in accordance with the ICMA Green Bond Principles and in accordance with the Green Finance Framework of Volkswagen Financial Services AG, the parent company of Volkswagen Bank GmbH, as of September 2024. 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.

This is also the first issuance of Volkswagen Bank GmbH under the newly established debt issuance programme of Volkswagen Financial Services AG, Volkswagen Bank GmbH and Volkswagen Financial Services N.V. following the corporate restructuring of Volkswagen Financial Services AG and Volkswagen Bank GmbH as of 1 July 2024. 

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.

Press release of Volkswagen Bank GmbH:

Premiere for Volkswagen Bank: First green bond in the company's history successfully placed on the capital market

Hogan Lovells team for the banks 

Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe (Counsel), Anna Hersener (Associate) (all Debt Capital Markets, Frankfurt)