Sixt SE: Sixt SE issues bond for EUR 250 million to secure long-term financing for ongoing growth
Sixt SE issues bond for EUR 250 million to secure long-term financing for ongoing growth
- Bond comes with a six year term and an interest coupon of 1.125% p.a.
- CFO Dr. Julian zu Putlitz: “This bond secures the financing of Sixt’s long-term growth”
Pullach, 28 October 2016 – Sixt SE, worldwide provider of top-quality mobility services, successfully placed a bond (ISIN: DE000A2BPDU2 / WKN: A2BPDU) with a volume of EUR 250 million on the capital market. The significantly over-subscribed issue met with strong demand from institutional investors from Germany and abroad.
The bond has a maturity of six years, due for redemption on 2 November 2022 and carries an interest coupon of 1.125% p.a. Due to the bond’s denomination in EUR 1,000 it is also interesting for retail investors.
Lead Managers for the issue were Bayerische Landesbank, Commerzbank and Deutsche Bank. Berenberg Bank and Hauck & Aufhäuser acted as co-lead managers.
Dr. Julian zu Putlitz, Chief Financial Officer of Sixt SE: “The coupon of the bond is the lowest Sixt ever placed on the bond market and is also one of the lowest coupons of any bond with a comparable term issued by an unrated company on the Euro bond market. This underlines once more the excellent reputation Sixt has acquired with banks and investors even without an external rating but simply through its solid financial management. The new bond gives us additional headroom to secure Sixt’s growth path over the long term.”
Sixt Central Press Office
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