Deutsche Bahn sits among sterling elite with £300m 13 year
Deutsche Bahn, the German state-owned railway company, followed its habitual practice of issuing into a quiet bond market today, when it sold the only sterling corporate bond on a day when there was also only one euro issue.
The Aa1/AA/AA rated issuer cruised to its place at the front rank of the elite of sterling issuers, with a £300m 13 year bond priced at 65bp over Gilts.
Barclays, Citigroup, Goldman Sachs and HSBC had the mandate for the deal, priced off the 4% 2025 Gilt. Its
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