(Berlin, October 14, 2019) Deutsche Bahn successfully issued today the first hybrid bond in its history via its financing subsidiary, Deutsche Bahn Finance GmbH. The bond has a total volume of EUR 2 billion. The hybrid bond was issued in two tranches.
| 1st tranche | 2nd tranche | |
| Volumen (EUR million) | 1,000 | 1,000 |
Maturity (years) | perpetual | perpetual |
Non-Call Period | 5.5 years | 10 years |
Coupon (%) | 0.95 | 1.60 |
Issuing price (%) | 100 | 100 |
| Yield (%) | 0.95 | 1.60 |
| ISIN | XS2010039035 | XS2010039548 |
As a result, both tranches have achieved the lowest ever issue yield for a EUR hybrid capital issue for its respective non-call maturites.
The bond proceeds will be used by Deutsche Bahn for general corporate purposes.
The bond was placed to institutional investors from Europe and will be listed on the Luxemburg Stock Exchange.
The issuing consortium was jointly led by Barclays, Commerzbank, Goldman Sachs and J.P. Morgan.