Conti issues bonds for at least euro 750 million

ERJ staff report (DS)

Hanover, Germany -- Continental is planning to issue a further benchmark bond as part of its refinancing strategy. With an envisaged issue volume of at least euro 750 million, the planned benchmark bond will have a maturity of seven years. A final decision as to the issue volume and the conditions will be made within the next few days, the company announced in Hanover on September 2.

The bond's structure will be substantially the same as that of the secured euro 750 million secured bond issued in July. The notes available under the announced issue will be transferable in minimum denomination of euro 50,000. The notes will be issued by Conti-Gummi Finance B.V., Netherlands, and guaranteed by Continental AG and selected subsidiaries of Continental AG.

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