Continental will issue benchmark bond
Continental AG will issue a further benchmark bond as part of its refinancing strategy. The issue will exceed 750 million euros.
"After returning to the bond market in July, our current as well as potential new investors indicated that they are still very interested in a further bond issuance," says Wolfgang Schafer, Continental's CFO.
"We want to benefit from this demand to further reduce our bank loans as planned while at the same time further improving our debt maturity profile."
A final decision regarding the issue volume and conditions will be made within "the next few days."