Company News, Capital market-relevant press releases, 2004-03-02, 01:00 AM
ThyssenKrupp plans bond issue
ThyssenKrupp has mandated Citigroup and Deutsche Bank to lead manage its forthcoming benchmark Euro issue under its existing 3 billion euros Debt Issuance Programme. The issuer will be ThyssenKrupp AG. The bond issue will be rated BB by S & P, Baa3 by Moody`s and BBB- by Fitch. It will be of intermediate maturity and launched subject to market conditions following a European roadshow. Use of proceeds is to refinance existing debt.
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