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FRANKFURT - Robert Bosch (NSE:BOSH) Finance LLC has completed a €3.25 billion bond issuance across multiple tranches without any market stabilization measures being undertaken, according to a statement released Friday.
Deutsche Bank AG (ETR:DBKGn), acting as one of the stabilization managers, confirmed that no stabilization actions were required during the offering period. The bonds were issued in four tranches: an 18-month floating rate note and fixed-rate bonds with 3-year, 6-year, and 9-year maturities.
The securities were priced at varying levels, with the 18-month floating rate note and 9-year bond issued at par (100.00), while the 3-year and 6-year bonds were priced at 99.832 and 99.422 respectively.
The 18-month floating rate note carries a spread of 3-month Euribor plus 45 basis points. The fixed-rate bonds were priced at spreads of 86.1 basis points, 110.6 basis points, and 117.4 basis points over their respective benchmark German government bonds.
Robert Bosch GmbH serves as the guarantor for the bond issuance.
The bond offering was managed by a consortium of banks including BNP Paribas (OTC:BNPQY), Commerzbank (ETR:CBKG), Deutsche Bank, LBBW, Mizuho (NYSE:MFG), and Santander (BME:SAN).
The bonds carry the following International Securities Identification Numbers (ISINs): DE000A4EBME7, DE000A4EBMA5, DE000A4EBMB3, and DE000A4EBMC1.
This information is based on a post-stabilization notice issued by Deutsche Bank AG, Frankfurt.
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