The Car and Truck Fleet and Leasing Management Magazine

LeasePlan Repays Dutch Bond Funding Early

October 30, 2013

Photo via LeasePlan.
Photo via LeasePlan.

LeasePlan Corporation N.V. has cleared a $500 million bond obligation from its balance sheet, the Holland-based fleet and vehicle management company has announced.

LeasePlan bought back a bond guaranteed by the Dutch government that was set to mature in June. The move follows the company's buy-back in December of another piece of a total of 6.5-billion Euro in government-backed bonds acquired by the company in late 2008 and early 2009 to refinance debt.

In December, LeasePlan bought back another 500 million Euro in bond financing set to mature in May. The company, which is half-owned by Volkswagen, ended 2012 with a cash balance of 1.8 billion Euro, and has now repaid 85 percent, or 5 billion Euro, of its government-guaranteed funding.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Smith Electric manufactures and markets commercial electric vehicles.

Read more

Up Next

More From The World's Largest Fleet Publisher