ThyssenKrupp AG today issued a “dual-tranche” bond with a total volume of 1.35 billion Euro, documented under the company´s 10 billion Euro Debt Issuance Programme. Joint bookrunners are BayernLB, Citi, Commerzbank and UniCredit Bank.
The bond was issued in two tranches with the following parameters:
· The first tranche has a maturity of 5 years and 9 months and a volume of 750 million Euro. It carries a coupon of 1.75 % p.a. at an issue price of 99.328%.
· The second tranche has a maturity of 10 years and a volume of 600 million Euro. It carries a coupon of 2.5 % p.a. at an issue price of 98.818 %.
With this transaction ThyssenKrupp AG makes use of the good market environment, extends its maturity profile and strengthens the debt capital market share in its financing mix.
The bond has a minimum denomination of 1,000 Euro and is therefore eligible to be bought at the stock exchange by retail investors – presumably starting on February 25th, 2015.
ThyssenKrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Around 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2013/2014 ThyssenKrupp generated sales of around €41 billion.
With our engineering expertise in the areas Mechanical, Plant and Materials we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to follow the development trends on the global sales markets, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.
Internet: www.thyssenkrupp.com