Deutsche Bahn casts assorted comp net for hybrid
Deutsche Bahn, the German railways company, wrapped up a roadshow for a dual tranche hybrid on Thursday, with investors looking at a trio of other issuers from a variety of industries for comparable notes.
The Aa1/AA- rated issuer is marketing a A2/BBB rated 5.5 and 10 year hybrid to investors. The company was in London and Amsterdam and Wednesday and London and Frankfurt on Thursday.
The deal is not expected until next week, according to a lead.