(Berlin, January 29, 2014) Deutsche Bahn successfully issued yesterday a Swiss Franc benchmark bond via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The bond with a maturity of 10.5 years bears a coupon of 1.50 % and has a total volume of CHF 300 million (about € 246 million). The issuing price was 100.244 % resulting in a yield of 1.475 %. The bond will be used by Deutsche Bahn to increase its financial flexibility.
The bond was allocated to Swiss investors 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 BNP and Credit Suisse.