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Capital market-relevant press releases, 2005-03-01, 09:45 AM

ThyssenKrupp plans bond issue

ThyssenKrupp has mandated ABN AMRO, Commerzbank and WestLB as Joint Lead Managers for its forthcoming benchmark Euro bond issue under its existing ? 3 billion Debt Issuance Programme. The issuer will be ThyssenKrupp AG. The bond shall be of 10-year maturity and launched subject to market conditions. With this issue ThyssenKrupp intends to lock in currently attractive long-term funding and extend its debt maturity profile.

ThyssenKrupp made a good start to the new fiscal year. In a generally favorable economic environment, demand for products and services from ThyssenKrupp increased significantly. Order intake and sales showed strong growth. In the 1st quarter 2004/2005 the Group`s income from continuing operations before taxes and minority interest almost tripled and reached 473 million euros compared with 168 million euros in the corresponding prior-year period.

The positive business development is also shared by the rating agencies, each of whom evaluates ThyssenKrupp as an investment grade credit with stable outlook (Fitch BBB+; Moody?s Baa2; S&P BBB-).

The full interim report on the 1st quarter 2004/2005 is available in German and English online and downloadable versions at

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