MTU Aero Engines Holding AG successfully places bond

MTU Aero Engines Holding AG has successfully placed a €250m 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. 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.