Bertelsmann plans new benchmark issue on the Eurobond market
Bertelsmann plans to launch a new benchmark bond on the Eurobond market, with a maturity of ten years. The bond will be issued by Bertelsmann AG at short notice subject to market conditions. Commerzbank, HSBC and SG Corporate & Investment Banking are joint bookrunners for this issue. The bond is to be launched under the existing debt issuance program. Bertelsmann is rated as stable investment grade by Standard & Poor’s and Moody’s (BBB+ and Baa1 respectively).
In view of the currently beneficial market environment for corporate bonds, Bertelsmann intends to use the proceeds to repay outstanding bank loans. Hence, this transaction underscores Bertelsmann’s long-term, capital market-oriented financing strategy.
Journalists please contact:
Bertelsmann AG
Oliver Herrgesell
Senior Vice President Media Relations
Phone: +49 – 52 41 – 80 – 24 66
Analysts and investors please contact:
Bertelsmann AG
Verena Volpert
Corporate Finance / Treasury
Phone: +49 – 52 41 – 80 – 23 42
