(Berlin, June 11, 2012) Deutsche Bahn successfully issued an GBP benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The ten-year bond bears a coupon of 2.75 percent and has a total volume of GBP 400 million. The issuing price was 99.715 percent resulting in a yield of 2.783 percent. The proceeds of the new issue will be used by Deutsche Bahn to increase its financial flexibility.
In a volatile market environment, the demand for the bond was significantly higher than the volume offered. The bond was almost 1.9- times oversubscribed. There was a very large investor interest for the premiere of Deutsche Bahn in the sterling market.
The new bond found the interest of especially institutional investors mainly from the UK. The bond will be listed on the Luxemburg Stock Exchange. With a denomination of GBP 1,000 also retail investors can directly purchase the securities.
The issuing consortium was co-headed by Citigroup, Commerzbank, The Royal Bank of Scotland and UBS.