Bosch beats Siemens’ curve as 8yr, 15yr win big

16 May 2013

Robert Bosch, the privately owned German car parts and machinery maker, sold its first public bond for three years on Thursday — to predictably eager demand from investors for the €1.25bn issue.

Since the issuer had been out of the market since July 2009, lead managers Citigroup, Deutsche Bank, JP Morgan and Landesbank Baden-Württemberg gave investors a day’s warning of the deal by announcing it on Wednesday, but considering Bosch’s rating of AA- from Standard & Poor’s, they decided there ...

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