Total bond volume of EUR 2.2 billion in three tranches
Investment grade ratings confirm strong balance sheet and capital strength
Use of proceeds for refinancing of existing indebtedness
Global automotive and industrial supplier Schaeffler has for the first time placed investment grade bonds in the capital markets. The transaction has a total volume of EUR 2.2 billion and consists of three tranches.
EUR 750 million 1.125 % senior notes, due 2022
EUR 800 million 1.875 % senior notes, due 2024
EUR 650 million 2.875 % senior notes, due 2027
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