SIXT successfully places EUR 500 million bond at top conditions
|
EQS-News: Sixt SE
/ Key word(s): Bond
Growth financing: SIXT successfully places EUR 500 million bond at top conditions
Pullach, January 20, 2025 - Sixt SE has successfully placed a EUR 500 million corporate bond (ISIN: DE000A4DFCK8) with international investors. With an orderbook that was more than four times oversubscribed at its peak, the benchmark issue met with exceptionally strong demand from institutional investors in Germany and abroad. The bond has a term of 5 years and a coupon of 3.25%, which corresponds to an improvement of 0.50% compared to the last bond issued a year ago (coupon: 3.75%).
The successful issue underlines the international car rental company’s strong market position and the high level of investor confidence in the company’s financial stability and growth strategy. The proceeds of the bond will be used to finance further growth, in particular fleet expansion.
Dr Franz Weinberger, CFO of Sixt SE: “The strong oversubscription of the orderbook and the lowest spread in the company’s history for a bond issue demonstrate that our business model and our consistent focus on profitable growth are highly appreciated by the capital market. We are particularly pleased that the bond issue has once again attracted broad international interest from investors and that we were able to improve the coupon by a further 0.50% compared to the last bond issue.”
BNP PARIBAS, Commerzbank, Deutsche Bank, DZ BANK and UniCredit acted as joint lead managers.
About SIXT: Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked, among others, via the SIXT App, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2023 Sixt Group achieved consolidated pre-tax earnings of EUR 464.3 million and another significant increase in consolidated revenue to EUR 3.62 billion. Sixt SE has been listed on the Frankfurt Stock Exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).
Press contact: Kathrin Greven Phone: +49 – (0)89 – 74444 6700 Email: pressrelations@sixt.com
20.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Sixt SE |
| Zugspitzstraße 1 | |
| 82049 Pullach i. Isartal | |
| Germany | |
| Phone: | +49 (0)89 74444-5104 |
| Fax: | +49 (0)89 74444-85104 |
| E-mail: | investorrelations@sixt.com |
| Internet: | http://ir.sixt.eu |
| ISIN: | DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A2G9HU0 Sixt-Anleihe 2018/2024, DE000A3H2UX0 Sixt-Anleihe 2020/2024 |
| WKN: | 723132 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2070947 |
| End of News | EQS News Service |
|
|
2070947 20.01.2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.