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Today, the Volkswagen Group successfully placed its first green bonds with a volume of € 2 billion in the market. The benchmark bonds, which are denominated in euros, have terms of 8 and 12 years and coupons of 0.875% and 1.250% respectively. Investors showed considerable interest, including both international and specialized green bond investors. This is the first issuance based on the Green Finance Framework (GFF) for sustainability-oriented financial instruments presented in March. The proceeds of the bonds will be used in a targeted way to fund the modular electric drive matrix (MEB and the new BEV models ID.3 and ID.4. Annual reporting on the use of the proceeds and the environmental effects achieved will create transparency for investors.

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