Continental Places First USD Bond Successfully


Continental AG Hanover: Within two days, the international automotive supplier Continental placed US dollar-denominated bonds in an aggregate principal amount of USD 950 million with qualified institutional investors in Germany and abroad. The bonds have a term of seven years.

They will be issued by Continental Rubber of America, Corp., USA, and guaranteed by Continental AG and selected subsidiaries. The annual interest rate will be 4.5 per-cent and is substantially lower than the interest rate on the bonds issued by Continental in 2010. Interest will be payable semi-annually in arrears.  (Press Release 13.09.2012)

Quelle: Continental AG | Foto: Continental AG
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