(Berlin, August 22, 2011) After tapping the capital markets in July 2011with an increase of the ten-year Euro-bond issued in May 2011, Deutsche Bahn successfully issued a Norwegian Krona bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The bond with a maturity of five years bears a coupon of 3.375 % and has a total volume of NOK 750 million (€ 95 million). The issuing price was 99.729 % resulting in a yield of 3.435 %. The proceeds of the new issue will be used by Deutsche Bahn to refinance maturing liabilities.
In a volatile market environment the comparably short maturity was allocated predominantly to Swiss investors. The bond will be listed on the Luxemburg Stock Exchange with a denomination of NOK 10,000. To avoid foreign currency risk, DB Group also completed a cross-currency swap with an identical maturity.
The issuing consortium was headed by Deutsche Bank, supported in a consortium with BNP Fortis, Kredietbank, Royal Bank of Canada, Toronto Dominion Bank, Bank Vontobel and Zürcher Kantonalbank.