Successful placement of a EUR 750 m benchmark bond
DAPO successfully placed a benchmark bond with a volume of EUR 750 m in the European capital market this week.
The issue is a fixed rate bond with a maturity of seven years and pays a coupon of 3.75 per cent. Despite challenging overall market conditions, the order book was oversubscribed within one day. The issue was placed with 44 institutional investors in ten European countries and is used for refinancing the asset growth.
The bond is documented under the existing "European Medium Term Note-Program" and is listed in Luxembourg. For fiscal year 2006 approximately EUR 3.5 bn long-term issues are planed.
DAPO is rated A2/P-1/C+/stable outlook by Moody's and A/A-1/stable outlook by S&P.