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.