Deutsche Bahn Selling Bonds as European Yields at Four-Month Low
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Deutsche Bahn AG, Germany’s state-owned railway, is issuing 300 million euros ($414 million) of bonds as European borrowing costs hold at the lowest in four months.
The seven-year notes will be issued through the company’s Deutsche Bahn Finance BV unit to yield about 28 basis points more than the mid-swap rate, according to a person familiar with the matter. The average yield investors demand to hold investment grade bonds in euros was little changed at 1.9 percent, the lowest since June 19, Bloomberg bond index data show.