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Sayfa başlığıMETRO Group plans benchmark bond

30.04.2004

METRO Group plans benchmark bond

METRO Group is planning to issue another benchmark Eurobond.

The company is thus continuing its capital market-driven financing strategy and intends to further expand its European investor base.

Thomas Unger, CFO of METRO Group: "Over the last 18 months, METRO Group has built a solid investor base in the bond market. The upcoming transaction offers an attractive investment within the intermediate maturity range and further strengthens the visibility of our company in the capital market."

The proceeds of the issue will be used to refinance existing debt, including bridge financings in connection with the consolidation of AIB. The bond issue will not increase the net debt position of the Group.

Citigroup, Deutsche Bank and WestLB have been mandated to act as joint book runners for the upcoming benchmark bond with an intermediate maturity. The bond will be issued under METRO Group’s
€ 5 billion-Debt Issuance Programme and the transaction will be launched subject to market conditions.

METRO Group is rated Baa1 negative outlook (Moody’s) and BBB stable outlook (S&P).

The world’s fifth largest retail company achieved total sales of € 53.6 billion in 2003. The Group operates in six divisions in the area of food and non-food wholesale and retail distribution. METRO Group can be found in 2,370 locations in 28 European, African and Asian countries.

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