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
Arranger Deutsche Bank
Dealer

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: