1 December 2025
Clifford Chance advises Volkswagen on dual tranche RMB3 billion Panda bond issue under its DFI Programme
Advising firms
Deal team
11 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Cristina Freudenberger Lead | Clifford Chance | Partner | Capital Markets | Frankfurt |
| Helen Zhao Lead | Fangda Partners | Not stated | Not stated | Not stated |
| Felicitas Fischer | Clifford Chance | Not stated | Capital Markets | Frankfurt |
| Jurgen van der Meer | Clifford Chance | Partner | Capital Markets | Amsterdam |
| Marina Sarkisjan | Clifford Chance | Senior associate | Capital Markets | Amsterdam |
| Kris Soomers | Clifford Chance | Associate | Capital Markets | Amsterdam |
| Angela Chan | Clifford Chance | Partner | Capital Markets | Hong Kong |
| Torrance Shi | Clifford Chance | Counsel | Capital Markets | Hong Kong |
| Michael Cheng | Clifford Chance | Associate | Capital Markets | Hong Kong |
| Howie Jiang | Fangda Partners | Not stated | Not stated | Not stated |
| Ariel Fan | Fangda Partners | Not stated | Not stated | Not stated |
Stated terms
- Stated value
- CNY 3bn (RMB3 billion)
- What the figure measures
- Issue size
- Client
- Volkswagen GroupIssuer
- Counterparties
- Bank of China Limited (Underwriters)
CITC Securities Company Limited (Underwriters)
HSBC Bank (China) Company Limited (Underwriters)
Industrial and Commercial Bank of China Limited (Underwriters)