2 July 2014

High Yield Bonds



Schaeffler issues high yield bonds with a total volume of approximately EUR 2 billion. Four new bonds in total were issued. In addition to three secured bonds, Schaeffler also issued an unsecured bond for the first time. The bonds, which are subject to New York law, were issued by Schaeffler Finance B.V. and are listed on the Euro MTF market of the Luxembourg Stock Exchange. Standard & Poor's and Moody's have rated the secured bonds at Ba2/BB- and the unsecured tranche at B1/B.

Walder Wyss has advised Schaeffler on the Swiss law aspects of the issue of the bonds. The Walder Wyss team was led by Luc Defferrard (Partner, Banking Finance) and Markus Pfenninger (Partner, Banking Finance), and included Jan H. Hoffmann (Associate, Banking Finance) and Fabian D. Glässer (Trainee, Banking Finance).

News

News

2 July 2014

High Yield Bonds

Schaeffler issues high yield bonds with a total volume of approximately EUR 2 billion. Four new bonds in total were issued. In addition to three secured bonds, Schaeffler also issued an unsecured bond for the first time. The bonds, which are subject to New York law, were issued by Schaeffler Finance B.V. and are listed on the Euro MTF market of the Luxembourg Stock Exchange. Standard & Poor's and Moody's have rated the secured bonds at Ba2/BB- and the unsecured tranche at B1/B.

Walder Wyss has advised Schaeffler on the Swiss law aspects of the issue of the bonds. The Walder Wyss team was led by Luc Defferrard (Partner, Banking Finance) and Markus Pfenninger (Partner, Banking Finance), and included Jan H. Hoffmann (Associate, Banking Finance) and Fabian D. Glässer (Trainee, Banking Finance).