Commercial Paper Program
Commercial paper (CP) is the term used for unsecured, short-term bonds, which are generally issued on a discounted basis and repaid at face value. The term of CP is normally between 1 and 364 days. Thus, CP provides short-term financing on the capital market. Commercial Paper investors are institutional investors.
|Issuers||Deutsche Bahn AG, Deutsche Bahn Finance GmbH|
|Program amount||€ 2.000.000.000|
Bank of America Securities Limited, Citibank International plc, Commerzbank AG, ING Financial Markets, UBS Investment Bank
|Issue and payment||Deutsche Bank AG|
|Term||1 to 364 days|
You can download the documentation for the DB AG CP program here: