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FRANKFURT - Robert Bosch (NSE:BOSH) Investment Nederland B.V. has completed its €750 million 12-year fixed-rate bond issue without any market stabilization measures, according to an announcement from Deutsche Bank AG (ETR:DBKGn) on Friday.
The bonds, guaranteed by parent company Robert Bosch GmbH, were priced at 99.253% with a spread of 127.6 basis points over the benchmark German government bond maturing in January 2037.
Deutsche Bank, which served as one of the joint bookrunners for the transaction, confirmed that no stabilization activities were undertaken following the initial offering on May 21. Stabilization typically involves market interventions to support the price of newly issued securities.
The bond carries the international securities identification number (ISIN) DE000A4EBMD9. BNP Paribas (OTC:BNPQY), Commerzbank (ETR:CBKG), Deutsche Bank, LBBW, Mizuho (NYSE:MFG), and Santander (BME:SAN) acted as stabilization managers for the offering.
The securities have not been registered under the U.S. Securities Act and are not being offered in the United States, according to the press release statement.
The bond issuance represents part of the financing activities of Robert Bosch, a leading global supplier of technology and services with operations spanning mobility solutions, industrial technology, consumer goods, and energy and building technology sectors.
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