(Berlin, January 18, 2012) Deutsche Bahn increased today a five-year NOK 1.250 million (€ 162 million) bond issued in August 2011 via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands by NOK 750 million (€ 97 million).
The bond has a coupon of 3.375 % and the issuing price was 101.064 % resulting in a yield of 3.12 %. The proceeds of the bond increase will be used by Deutsche Bahn to increase financial flexibility.
The shorter maturity found the interest of retail investors. The bond is listed on the Luxemburg Stock Exchange with a denomination of NOK 10,000. To avoid foreign currency risk, Deutsche Bahn AG also completed a cross-currency swap with an identical maturity.
The bond was placed under the MTN program via Deutsche Bank and allocated to investors in Switzerland.