EnBW with another successful bond on the Swiss capital market
Long-term bond secured amounting to 300 million Swiss francs
Karlsruhe. EnBW Energie Baden-Württemberg AG, Karlsruhe, today secured a bond amounting to 300 million Swiss francs with a fixed term of five years through its subsidiary EnBW International Finance B.V.
The bond will be underwritten by a banking syndicate headed by the Lead Managers Deutsche Bank AG and HVB/Unicredit as well as Landesbank Baden-Württemberg as Senior Co-Lead Manager. The bond issue date will be 25 February 2008 and repayment will be due on 25 February 2013. The bond is equipped with a coupon rate of 3.125 percent and was able to be positioned with investors for the long term at 50 bp above the Swiss midswap rate at the lower end of the aspired range.
‘With this bond issue, we are covering the financial needs of EnBW in Swiss francs and simultaneously maintaining our investor base in Switzerland,' emphasised Dr. Christian Holzherr, Chief Financial Officer of EnBW. The originally aspired volume of 200 million Swiss francs was clearly exceeded despite the current difficult situation on the international finance markets.
Characteristic data of the bond at a glance:
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Tranche
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300m CHF
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|---|---|
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Tranche
Term
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300m CHF
5 years
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|
Tranche
Coupon
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300m CHF
3.125%
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|
Tranche
Issue price
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300m CHF
100.217
|
|
Tranche
SIS security number
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300m CHF
3727411 (CH0037274112)
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|
Tranche
Lead managers
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300m CHF
HVB/Unicredit and Deutsche Bank AG
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|
Tranche
Senior Co-Lead Manager
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300m CHF
Landesbank Baden-Württemberg
|
|
Tranche
Stock exchange
|
300m CHF
SWX Stock Exchange
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