The transaction consists of two tranches:
550 million euros 4.250% bonds due April 1, 2028
600 million euros 5.375% bonds due April 1, 2031
Due to strong investor demand, the bonds were oversubscribed several times. The new bonds were issued under Schaeffler AG’s debt issuance program. The proceeds of the issuance will be used for general corporate and financing purposes.
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