(Berlin, October 8, 2010) Deutsche Bahn successfully issued a Yen benchmark bond today via its financing subsidiary, Deutsche Bahn Finance B.V., Amsterdam/the Netherlands. The ten-year bond bears a coupon of 1.13 percent and has a total volume of Yen 47.1 billion (approximately Euro 410.3 million). The issuing price was 100 percent. The proceeds of the new issue will be used by Deutsche Bahn to partly refinance the purchase price of the shares of the British passenger transport company Arriva plc. To avoid foreign currency risk, DB Group also completed a cross-currency swap with an identical maturity.
After the successful company presentations during the roadshow for fixed income investors (non-deal-related) in Tokyo and other Asian cities, the bond found the interest of japanese investors. The bond will be listed on the Luxemburg Stock Exchange with a denomination of Yen 100 million. The issuing consortium was co-headed by Mizuho International, Daiwa Capital Markets Europe und Deutsche Bank.