28 Sep 2010
ERJ staff report (DS)
Hanover, Germany -- For the third time in the past twelve weeks, Continental has now successfully placed euro-denominated bonds with qualified investors in Germany and abroad. The issue has an aggregate principal amount of €1250 million after its two predecessors had volumes of €750 million and EUR 1000 million, respectively. The issue consists of two tranches of €625 million each which mature in 2016 and 2018, respectively.
“We took advantage of the strong demand for our bonds and the positive market environment to achieve our goal of an improved maturity profile quickly, efficiently, and reliably. At the same time, we have offered investors an attractive investment“, explained Continental CFO Wolfgang Schäfer.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Continental (only available to people in certain parts of the world)
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
