(Berlin, July 20, 2011) After tapping the capital markets with a five-year Euro-bond in June 2011, Deutsche Bahn successfully issued a Swiss Franc benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The bond with a maturity of six years and four months bears a coupon of 1.5 % and has a total volume of CHF 375 million (€ 323 million). The issuing price was 99.964 % resulting in a yield of 1.5083 %. 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 to Swiss investors. The bond will be listed on the Swiss Stock Exchange SIX with a denomination of CHF 5,000. To avoid foreign currency risk, DB Group also completed a cross-currency swap with an identical maturity.
The issuing consortium was co-headed by Credit Suisse and UBS.