Successful placement of Lufthansa benchmark bond

Deutsche Lufthansa AG successfully concluded the placement of a five-year 850 Million Euro benchmark bond, herewith securing further long term financing. The 6.75% bond, which is due 24 March 2014, had a re-offer price of 99.555% to give a spread of mid swaps plus 410 basis points. The issue was fivefold over-subscribed. Joint Bookrunners were Deutsche Bank, JP Morgan and Soci