(Berlin, October 25, 2013) On October 24, 2013 Deutsche Bahn successfully increased the ten-year CHF 275 million bond (nearly € 223 million) issued in June 2013 under its MTN program via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands by CHF 200 million (nearly € 163 million).
The bond has a coupon of 1.375 %. The issuing price was 99.533 % resulting in a yield of 1.427 %. The bond will be used by Deutsche Bahn to increase its financial flexibility.
The bond was mainly allocated to institutional investors in Switzerland and 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 Commerzbank, The Royal Bank of Scotland and UBS.