Brief: Schaeffler Places A Bond In Amount Of EUR 850 Mln

Schaeffler AG

22/03/2024 07:08

March 22 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * SCHAEFFLER AG SUCCESSFULLY PLACES A BOND IN THE AMOUNT OF
850
MILLION EUROS
    * SCHAEFFLER AG - ISSUANCE COMPRISES A EURO BOND IN AMOUNT
OF 850
MILLION EUROS WITH AN INTEREST RATE OF 4.50 PERCENT P.A. AND A
TERM UNTIL 2030
    * SCHAEFFLER AG - SETTLEMENT OF NEW BOND IS PLANNED FOR
MARCH 28,
2024
    * SCHAEFFLER AG - BOND PLACEMENT WAS CARRIED OUT UNDER
SCHAEFFLER'S CURRENT DEBT ISSUANCE PROGRAM
    * SCHAEFFLER AG - BOND PLACEMENT TO BE USED TO REFINANCE
ACQUISITION OF SHARES IN VITESCO TECHNOLOGIES GROUP AG AND TO
FURTHER OPTIMIZE FINANCING STRUCTURE OF SCHAEFFLER AG

Source text for Eikon:  ID:nEQbQwwJ5a 
Further company coverage:  SHA_p.DE 

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