Financing programs

EMTN program

The Debt Issuance program, implemented in 2001 and updated in 2021, is based on a standardized documentation platform that allows us to tap foreign capital markets on a regular and flexible basis. With this program, for instance, a wide variety of bonds can be issued and private placements undertaken. Deutsche Bahn Finance GmbH, Berlin, the Group’s financing company, generally acts as issuer. Its activities are secured by a guarantee issued by DB AG.

Issuers:Deutsche Bahn Aktiengesellschaft, Deutsche Bahn Finance GmbH
Guaranteed by:Deutsche Bahn AG for notes and bonds issued by Deutsche Bahn Finance                                 
Program amount:EUR 35,000,000,000
Arranger:Deutsche Bank Aktiengesellschaft
Dealers:The Issuers may appoint one or more financial institution(s) with a programme agreement between the Issuers and the Arranger containing the standard terms for Dealers with respect to the Programme.
Payment Agent:

Deutsche Bank Aktiengesellschaft and any other institution named in the corresponding final conditions.

You can download the prospectus for our EMTN program here:

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EMTN Prospekt 2024 - Second Supplement
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EMTN Prospectus 2024 - First Supplement
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EMTN Prospectus 2024
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EMTN Prospectus 2023 - Third Supplement
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EMTN Prospectus 2023 - Second Supplement
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EMTN Prospectus 2023 - First Supplement
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EMTN Prospectus 2023
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EMTN Prospectus 2022 - Second Supplement (en)
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EMTN Prospectus 2022 - First Supplement
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EMTN Prospectus 2022
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EMTN Prospectus 2021 - Supplement
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EMTN Prospectus 2021
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EMTN Prospectus 2020 - Third Supplement
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EMTN Prospectus 2020 - Second Supplement
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EMTN Prospectus 2020 - Supplement
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EMTN Prospectus 2020
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EMTN Prospectus 2019 - Second Supplement
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EMTN Prospectus 2019 - Supplement
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EMTN Prospectus 2019
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EMTN Prospectus 2018 - Supplement
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EMTN Prospectus 2018
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EMTN Prospectus 2017 - Supplement
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EMTN Prospectus 2017
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EMTN Prospectus 2016 - Second Supplement
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EMTN Prospectus 2016 - Supplement
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EMTN Prospectus 2016
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EMTN Prospectus 2015
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EMTN Prospectus 2014
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EMTN Prospectus 2013 - Supplement
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EMTN Prospectus 2013
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EMTN Prospectus 2012 - Supplement
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EMTN Prospectus 2012
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EMTN Prospectus 2011
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Update on Segment Change to Euro-MTF market (Sep. 27, 2023)
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