(Berlin, July 22, 2011) Deutsche Bahn increased today a ten-year € 500 million benchmark bond issued in May 2011 via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands by € 200 million.
The bond has a coupon of 3.75 % and the issuing price was 100.430 % resulting in a yield of 3.696 %. The proceeds of the bond increase will be used by Deutsche Bahn to refinance maturing liabilities in the capital markets.
In a volatile market environment, the demand for the bond was once again higher than the volume offered. Total demand amounted to about € 350 million. The longer maturity found the interest of especially French institutional investors. The bond is listed on the Luxemburg Stock Exchange with a denomination of € 1,000.
The issuing consortium was co-headed by Citigroup, Commerzbank, Royal Bank of Scotland and Société Générale.