Aug 12 (Reuters) - VW Credit Canada on Monday sold C$450 million ($437 million) of debt in two parts, according to a term sheet seen by Reuters.
The sale included C$125 million ($121 million) of two-year floating-rate notes with a spread of 37 basis points over the three-month CDOR.
The company also sold C$325 million ($316 million) of 2.80 percent five-year notes priced at 99.912 to yield 2.819 percent or 102.6 basis points over the Canadian government benchmark.
The investment dealer arms of Toronto-Dominion Bank, and HSBC were the joint bookrunning managers of the sale.
The guarantor of the issue is Volkswagen Aktiengesellschaft.
The issue is for sale only in Canada.