(Berlin, November 14, 2011) Deutsche Bahn issued on Friday a five-year bond with a volume of € 60 million via its financing subsidiary, Deutsche Bahn Finance B.V. (DB Finance), Amsterdam/the Netherlands and issued today a USD bond with an amount of USD 200 million (€ 146 million) as a private placement via DB Finance.
The EUR bond bears a variable coupon of 3M-Euribor + 50 basis points. The issuing price was 100% resulting in a yield of 3M-Euribor + 50 basis points. To avoid interest rate risk, Deutsche Bahn AG also completed an interest-rate swap with an identical maturity.
The 5-year USD bond bears a variable coupon of 3M-Libor + 85.2 basis points. The issuing price was 100% resulting in a yield of 3M-Libor + 85.2 basis points. To avoid foreign currency risk, Deutsche Bahn AG also completed a cross-currency swap with an identical maturity.
Both bonds were privately placed under the MTN program via Mizuho and allocated to Japanese investors.