Deutsche Börse's Debut Benchmark Bond Successfully Launched - Corporate Bond Three Times Oversubscribed

Deutsche Börse, the world's largest exchange organization in terms of revenue and market capitalization, successfully launched its inaugural benchmark bond in the corporate Eurobond market on Friday. The issue has a volume of 500 million euros and will mature on 23 May 2008. The coupon was 3.375 percent, the issue price at 99.751 to give a spread of 15 basis points over mid swaps equivalent to 33.4 basis points over the OBL 141 4.25 percent February 2008.

The issue was three times oversubscribed and was distributed among approximately 200 institutional investors. Approximately 60 percent was distributed to international investors, primarily in UK, Switzerland, France and Italy, the remaining 40 percent to German investors. More than 50 percent of the issue was placed with fund managers and insurance companies. With the money raised Deutsche Börse will replace a short-term financing incurred by the acquisition of Clearstream International in July 2002.

"The success of the bond issue reinforces Deutsche Börse's excellent access to the capital markets," said Mathias Hlubek, Chief Financial Officer of Deutsche Börse. Deutsche Börse has been assigned long term ratings of AA+ from Standard & Poors and Aa1 from Moody's. Deutsche Börse mandated Deutsche Bank, Dresdner Kleinwort Wasserstein and Goldman Sachs International as joint bookrunners for its inaugural benchmark bond.