Deutsche Börse announced on Tuesday it will issue its inaugural benchmark bond with a volume of 500 million euro and an intermediate maturity. The issue will be launched after a pan-European roadshow commencing on May 5. Deutsche Börse expects the transaction to be finalized in May, subject to market conditions. With the money raised Deutsche Börse will replace a short-term financing incurred by the acquisition of Clearstream International in July 2002; Clearstream is the settlement entity within Deutsche Börse Group.
Deutsche Börse has been assigned long term ratings of AA+ from Standard & Poors and Aa1 from Moody's. It is the world's largest exchange organization in terms of revenue and market capitalization.
Deutsche Börse has mandated Deutsche Bank, Dresdner Kleinwort Wasserstein and Goldman Sachs International as joint bookrunners for its inaugural benchmark bond.
