Successful debut on the bond market: Bilfinger places €500 million

November 29, 2012

The engineering and services group Bilfinger today successfully placed its first corporate bond in the amount of €500 million. The bond, with a term of seven years until 2019, has a coupon of 2.375 percent at an issue price of 99.892 percent. The bond will be listed on the regulated market of the Luxembourg Stock Exchange. Standard & Poor's recently gave the company a rating of BBB+ and a stable outlook.

"We are very pleased with the successful issue of our first bond and the very good response from investors", says Joachim Müller, Chief Financial Officer of Bilfinger SE. "Following the positive company rating we received recently, this represents a further significant component in the implementation of our growth strategy." With a final order book of over €5 billion, the transaction was more than ten times oversubscribed. The bond was very much in demand among investors in German-speaking countries as well as among international institutional investors primarily from the United Kingdom, Scandinavia and the Benelux countries. The transaction was accompanied by a banking syndicate that included Commerzbank, Deutsche Bank and UniCredit Bank.