•Volume of 200 million Euros upsized to 300 million Euros
•Offering more than four times oversubscribed
•Coupon at 6.75 %
Placement to private and institutional investors
The Schaeffler Group has successfully placed a further bond offering of 300 million Euros with private and institutional investors. The offering was more than four times oversubscribed. In light of the high demand, the offer size was upsized from initially 200 million Euros to 300 million Euros.
The bond has a term of five years and has a coupon of 6.75 percent. The emission price was approximately 99 percent. The bond is issued by Schaeffler Finance B.V. and guaranteed by Schaeffler AG as well as by selected subsidiaries.
Klaus Rosenfeld, CFO of Schaeffler AG, said,
Product Model | Inside Diameter | Outside Diameter | Thickness |
7040 NACHI | 200 | 310 | 51 |
7338B NACHI | 190 | 400 | 78 |