Deutsche Börse issues €600m hybrid bond
Deutsche Börse has placed a €600m hybrid bond onto the market, in a bid to refinance existing debt as well as the full acquisition of STOXX AG and Indexium AG.
The bond has an aggregate principal amount of €600m and is due in 2041, the first call date being in February 2021. The notes carry an annual coupon of 2.75%.
Listing of the notes will take place in the regulated markets of the Luxembourg Stock Exchange and Frankfurt Stock Exchange with participation in the Prime Standard for corporate bonds.
The bond placement was supported by a banking consortium led by the joint book runners BNP Paribas, Deutsche Bank, Goldman Sachs International (also acting as structuring advisor) and Morgan Stanley.