Company News Jul 8, 2002 2:00 AM
ThyssenKrupp AG establishes a Debt Issuance Programme and replaces its DM CP-Programme with a new ECP-Programme
ThyssenKrupp AG (Baa1 neg. Outlook; P-2 / BBB stable Outlook; A-2) just established a Euro 3 bn Debt Issuance Programme ("DIP") for which Deutsche Bank and Schroder Salomon Smith Barney have acted as Joint Arrangers. Additionally, the existing DEM 1bn Commercial Paper Programme will be replaced by a Euro 1.5bn Euro Commercial Paper ("ECP") Programme that was arranged by Citibank International plc and Deutsche Bank.
Issuers under both programmes will be ThyssenKrupp AG and ThyssenKrupp Finance Nederland B.V. under the guarantee of ThyssenKrupp AG. Both programmes that will facilitate the company`s ongoing funding requirements in the debt capital markets bear the respective ratings of ThyssenKrupp AG.
Dealers under the DIP with listing in Luxembourg, will be Barclays Capital, BNP Paribas, Commerzbank Securities, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan, Schroder Salomon Smith Barney, UBS Warburg and Westdeutsche Landesbank Girozentrale. Dealers under the ECP will be BNP Paribas, Citibank International plc, Commerzbank Securities, Deutsche Bank, Dresdner Kleinwort Wasserstein, ING Financial Markets and Westdeutsche Landesbank Girozentrale.
Contact:
Klaus Pepperhoff
ThyssenKrupp AG
Telephone +49 (0) 211 824-36007
Fax +49 (0) 211 824-36041
E-mail: pepperhoff@tk.thyssenkrupp.com