Finance 05 Oct 2021

Sixt SE for the first time uses blockchain technology for the issuance of a borrower’s note loan

  • Sixt SE issues long-term borrower’s note loans with a volume of EUR 100 million at attractive conditions
  • For the first time, SIXT is using blockchain technology for an issuance of this kind and is thus focusing on digital innovation also in the financial sector
  • Dr. Kai Andrejewski, Chief Financial Officer of Sixt SE: “Once again, Sixt SE proves its excellent standing in the capital and financing markets. With the blockchain-based execution of the issuance, we are also underlining our ambition to further digitise our financial organisation.”

Pullach, 05 October 2021 – Sixt SE has successfully issued two long-term borrower’s note loans with a total volume of EUR 100 million at attractive conditions. The borrower’s note loans have a tenor of five years and have been placed with institutional investors in Germany and abroad. The issue, which serves to finance the further growth of the Sixt Group, achieved an extraordinarily high demand with an order book that was oversubscribed several times at the peak and was priced at the lower end of the target range.

For the first time, SIXT is using the innovative and blockchain-based platform Finledger for the issuance of the borrower’s note loans. Finledger maps the entire process from the issuer to the investors. Transactions are distributed in an unforgeable, unalterable manner without a central instance and are stored and documented in a blockchain. The platform thus offers advantages for administrative processing, for instance significant time savings through the digitisation of processes that were previously purely paper-based, such as the creation and custody of certificates. This allows for a faster, more secure and more transparent settlement process, combined with seamless documentation. With this innovation, SIXT is positioning itself as a pioneer in the use of digital innovations also in its financial organisation.

The arrangers were DZ BANK AG Deutsche Zentral-Genossenschaftsbank and UniCredit Bank AG.

About SIXT
Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2022, according to preliminary figures, the Sixt Group achieved a record consolidated pre-tax earnings of EUR 550 million and a significant increase in consolidated revenues to EUR 3.07 billion.   Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).  

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