- Order book oversubscribed several times shows the capital market’s high confidence in the financial and operational strength of the Sixt Group
- Debut transaction under the new Debt Issuance Programme
- New bond has a term of four years and an interest coupon of 1.75% p.a. and serves to finance the operating business
- Alexander Sixt: “Bond strengthens the basis for our future growth.”
Pullach, 9 December 2020 – Sixt SE has successfully placed a bond (ISIN: DE000A3H2UX0/WKN: A3H2UX) with a volume of EUR 300 million with institutional investors from Germany and abroad. The extremely strong demand as well as the multiple oversubscribed and granular order book once again reflect the capital market’s high confidence in the financial and operational strength of the Sixt Group.
The bond has a term of four years and carries an interest coupon of 1.75% p.a. It is the first transaction of Sixt SE under the newly launched Debt Issuance Programme, which allows the Sixt Group to place bonds at short notice. The denomination of the nominal amount in EUR 1,000 means even private investors can buy the bond. The issue further secures the long-term corporate financing of the Sixt Group and serves to finance the international mobility service provider’s operating business.
The joint lead managers of the issue were Bayerische Landesbank, Commerzbank, Deutsche Bank, J.P. Morgan and UniCredit Bank.
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, 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).