(Berlin, November 1, 2011) Deutsche Bahn increased yesterday a five-year NOK 750 million (€ 95 million) benchmark bond issued in August 2011 via its financing subsidiary, Deutsche Bahn Finance B.V. (DB Finance), Amsterdam/the Netherlands by NOK 500 million (€ 65 million) and issued today an euro bond with an amount of € 92 million as a private placement via DB Finance.
The NOK bond has a coupon of 3.375 % and the issuing price was 99.075 % resulting in a yield of 3.585 %. In a volatile market environment the comparably short maturity was allocated predominantly to Swiss investors. The bond will be 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 15-year Euro bond bears a coupon of 3.535 %, has a total volume of € 92 million and was allocated in Japan. The issuing price was 100.00 % resulting in a yield of 3.535 %.
Both bonds were placed under the MTN program via the Deutsche Bank.