Deutsche Bahn issued bond under Kangaroo program

Deutsche Bahn issued AUD bond (volume AUD 200 million)

(Berlin, July 01, 2020) Deutsche Bahn successfully issued an AUD bond (ISIN: AU3CB0273027) via its financing subsidiary Deutsche Bahn Finance GmbH. The 10-year bond has a total volume of AUD 200 million (€ 123 million). The bond bears a coupon of 1.987%. The issuing price was 100% resulting in a yield of 1.987%.

The bond proceeds were swapped into Euros. The proceeds of the issue will be used by Deutsche Bahn to increase its financial flexibility and was placed to institutional investors from Asia.

The transaction was jointly led by Daiwa, HSBC and the Royal Bank of Canada.

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