Sixt issues a bond with a volume of 300 million euros. The paper is placed with institutional investors in Germany and abroad. The bond runs for four years. It bears 1.75 percent interest annually. According to the Pullachers, the order book was oversubscribed several times. In future, the paper will also be available to private investors, with a denomination of 1,000 euros.
Executive Board member Alexander Sixt comments on the issue: “The high demand and the placement at very attractive conditions demonstrate – even in the current challenging economic market environment of the travel industry – the excellent standing that SIXT, as a financially strong company, has enjoyed among market participants in recent years, even without an external rating has acquired. The bond is a further component of our diversified financing portfolio and strengthens the basis for future growth. “
The issue was supported by Bayerische Landesbank, Commerzbank, Deutsche Bank, J.P. Morgan and UniCredit.