Schaeffler Group places 300 million € in Luxembourg Stock Exchange

The German Schaeffler group, a well-known manufacturer of  the FAG and INA branded bearings, placed on the Luxembourg Stock Exchange a five-year Eurobonds, for the amount of 300 million # with a coupon rate of 6.75% per year. The bonds were issued by the financial division of Schaeffler Finance BV (Netherlands) with a guarantee of Schaeffler AG and its subsidiaries.

Initially an amount of € 200 million was increased to € 300 million in order to optimize the capital structure.