on Schaeffler AG (ETR:DE000SHA)
Schaeffler AG Raises €1 Billion Through Bond Issuance
On May 7, 2026, Schaeffler AG successfully raised €1 billion by placing corporate bonds with international investors. The issuance, conducted on May 6, consists of two tranches: a €500 million bond due in 2029 with a 4.125% interest rate and another €500 million bond due in 2033 at a 5.000% interest rate. The demand for these bonds led to an oversubscription.
Schaeffler plans to use the proceeds for general corporate purposes. Chief Financial Officer Christophe Hannequin noted the early refinancing at favorable terms and the positive reflection on the company's credit profile and market access.
The bonds will be listed on the Luxembourg Stock Exchange. Schaeffler engaged reputable financial institutions, including Bank of America and BNP Paribas, to coordinate the transaction.
R. P.
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