(Berlin, October 7, 2015) Deutsche Bahn successfully issued an € benchmark bond and another bond in AUD via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands.
The eight-year € benchmark bond bears a variable coupon of 3M-EURIBOR + 43bps and has a total volume of € 400 million. The bond was issued at par.
The demand for the bond was higher than the volume offered. It was more than 1.3- times oversubscribed. The bond found the interest of almost exclusively institutional investors from Europe, particularly from Germany.
The issuing consortium was jointly led by Commerzbank, DZ Bank, ING and The Royal Bank of Scotland.
The ten-year AUD bond bears a coupon of 3.75% and has a total volume of 180 million (€ 83 million).
The bond was allocated to institutional investors in the APAC region and was placed by HSBC.
The proceeds of the new issues will be used by Deutsche Bahn to increase its financial flexibility. Both bonds will be listed on the Luxemburg Stock Exchange. Retail investors can also directly purchase the securities.