DAPO successfully placed EUR 600 m benchmark bond
DAPO successfully placed a benchmark bond with a volume of EUR 600 m in the European capital markets. The issue is a fixed rate bond with a seven year maturity and pays a coupon of 4.375 per cent. With a high regional diversification the order book was significantly oversubscribed within one day.
The bond is documented off the existing "European Medium Term Note-Program" and is listed in Luxembourg. For fiscal year 2007 approximately EUR 3.7 bn long-term issues are planed.
DAPO is rated A+/A-1/stable outlook by S&P and A2/P-1/C+/stable outlook by Moody's.