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
Program amount € 3.000.000.000
Arranger

ING Bank N.V.

Dealer

Bank of America Merrill Lynch International DAC, Barclays Bank Ireland PLC, Barclays Bank PLC, Citigroup Global Markets Europe AG, Citigroup Global Markets Limited, ING Bank N.V., Société Générale und UBS AG London Branch.

Issue and payment Deutsche Bank AG
Term  1 to 364 days

You can download the documentation for the DB AG CP program here: