Growth financing: SIXT successfully places EUR 500 million bond at top conditions

EQS-News: Sixt SE / Key word(s): Bond Growth financing: SIXT successfully places EUR 500 million bond at top conditions 20.01.2025 / 11:33 CET/CEST The issuer is solely responsible for the content of this announcement. Growth financing: SIXT successfully places EUR 500 million bond at top conditions

 

• Strong interest from international investors: Order book exceeds EUR 2 billion, repeatedly more than four times oversubscribed at peak.
• Top conditions: The bond with a 3.25% coupon serves to finance further growth of SIXT.
• Dr Franz Weinberger, CFO of Sixt SE: “The strong oversubscription of the orderbook and the lowest spread in the company’s history for a bond issue demonstrate that our business model and our consistent focus on profitable growth are highly appreciated by the capital market.”

 

Pullach, January 20, 2025 - Sixt SE has successfully placed a EUR 500 million corporate bond (ISIN: DE000A4DFCK8) with international investors. With an orderbook that was more than four times oversubscribed at its peak, the benchmark issue met with exceptionally strong demand from institutional investors in Germany and abroad. The bond has a term of 5 years and a coupon of 3.25%, which corresponds to an improvement of 0.50% compared to the last bond issued a year ago (coupon: 3.75%).

 

The successful issue underlines the international car rental company’s strong market position and the high level of investor confidence in the company’s financial stability and growth strategy. The proceeds of the bond will be used to finance further growth, in particular fleet expansion.

 

Dr Franz Weinberger, CFO of Sixt SE: “The strong oversubscription of the orderbook and the lowest spread in the company’s history for a bond issue demonstrate that our business model and our consistent focus on profitable growth are highly appreciated by the capital market. We are particularly pleased that the bond issue has once again attracted broad international interest from investors and that we were able to improve the coupon by a further 0.50% compared to the last bond issue.”