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Deutsche Bahn Issues another Benchmark Bond

Deutsche Bahn Issues Swiss Franc Benchmark Bond With A Volume of CHF 400 million (€ 299 million)

(Berlin, November 10, 2010) After tapping the capital markets with a twelve-year Euro-bond in the end of October 2010, Deutsche Bahn successfully issued a Swiss Franc benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The nine-and-a-half-year bond bears a coupon of 1.75 percent and has a total volume of CHF 400 million (€ 299 million). The issuing price was 99.644 percent resulting in a yield of 1.7915 percent. The proceeds of the new issue will be used by Deutsche Bahn to increase its financial flexibility.

In a volatile market environment, the demand for the bond was once again higher than the volume offered. The longer maturity found the interest of especially Swiss institutional 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.

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