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MTU Aero Engines Holding AG successfully places bond
Munich, June 14, 2012 – MTU Aero Engines Holding AG has successfully placed a € 250 million bond on the capital market. It has a five-year term, expiring 2017, and a coupon of 3.0 %. The proceeds of the new issue will be used for general business purposes. “Despite the highly volatile market environment, we were able to take advantage of our good reputation in the capital markets to boost our liquidity at very favorable conditions,” said Reiner Winkler, CFO of MTU Aero Engines Holding AG. “That grants us greater freedom to continue pursuing our strategy of sustainable growth.”
The bonds were purchased by institutional investors and retail intermediaries from Germany and abroad, and the issue was heavily oversubscribed. Moody’s and Fitch rated the bond investment grade Baa3 and BBB- respectively. Deutsche Bank and UniCredit acted as joint leads and bookrunning managers for the bond issue.
The bond will be traded on the regulated market of the Luxembourg stock exchange.
About MTU Aero Engines
MTU Aero Engines is not only Germany's leading – and only independent – engine manufacturer, but a major player in the industry. Together with its affiliates, MTU maintains a presence in all key markets and regions. In the commercial engine sector, the company has close working ties with the world’s major aero engine manufacturers – General Electric, Pratt & Whitney and Rolls-Royce. In the military sector, MTU is the lead industrial partner for almost every type of engine operated by the German armed forces, and an important partner in all major military aero engine programs in Europe. MTU Maintenance is the world's biggest independent provider of maintenance services for commercial aircraft engines. The company is a technological leader in low-pressure turbines, high-pressure compressors, manufacturing processes, and repair techniques.
This press release represents neither an offer to sell nor an invitation to make an offer to buy in respect of the securities described in it. The securities described in the press release will be offered solely via a sales prospectus along with corresponding additional price information and, if applicable, a supplement to the prospectus. The securities described in this press release may not be sold in any state or jurisdiction in which such offer, invitation or sale would be illegal without prior approval in accordance with the pertinent securities laws of said state or jurisdiction. This bond offering will not be registered in accordance with the U.S. Securities Act of 1933. The bonds may not be sold in the United States unless either registered in accordance with the U.S. Securities Act or exempted from registration.