(Berlin, October 28, 2013) Deutsche Bahn successfully issued an € benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The seven-year bond bears a coupon of 1.75 percent and has a total volume of € 300 million. The issuing price was 99.284 percent resulting in a yield of 1.86 percent. The proceeds of the new issue will be used by Deutsche Bahn to increase its financial flexibility.
The demand for the bond was higher than the volume offered. The bond was more than 1.8- times oversubscribed.
The new bond found the interest of institutional investors almost exclusively from Europe, particularly from Germany and Scandinavia. The bond will be listed on the Luxemburg Stock Exchange. With a denomination of € 1,000 also retail investors can directly purchase the securities.
The issuing consortium was co-headed by DZ Bank, Credit Suisse and SEB.