(Berlin, October 22, 2012) Deutsche Bahn successfully issued an GBP benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The five-year bond bears a coupon of 1.375 percent and has a total volume of GBP 300 million. The issuing price was 99.861 percent resulting in a yield of 1.404 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 more than 2- times oversubscribed.
The new bond found the interest of investors mainly from the UK, Switzerland, the USA and Canada. 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 Barclays Bank, Credit Suisse and Mitsubishi UFJ.