Bonds
DB Group has a European debt issuance program (EDIP) and an Australian debt issuance program (Kangaroo Program) available for long-term debt financing.
- EDIP: In 2023, five senior bonds (total volume: € 2.9 billion) were issued and four senior bonds (total volume: € 1.9 billion) were repaid.
- Kangaroo program: A senior bond was issued in 2023 (volume: € 0.1 billion). No senior bond was due for repayment in 2023.
The funds were raised to refinance liabilities due and for ongoing general Group financing. All proceeds from senior bonds not issued in euros were converted into euros. In 2023, demand for our bonds came primarily from institutional investors in Europe and Asia.
ISIN | Issuer | Currency | Volume (million) | Volume (€ mil lion) | Coupon (%) | Maturity | Term (years) |
XS2577042893 | DB Finance | EUR | 750 | 750 | 3.625 | Dec 2037 | 14.9 |
XS2624017070 | DB Finance | EUR | 600 | 600 | 3.250 | May 2033 | 10.0 |
CH1277080508 | DB Finance | CHF | 275 | 287 | 1.885 | Sep 2035 | 12.0 |
XS2689049059 | DB Finance | EUR | 600 | 600 | 3.500 | Sep 2027 | 4.0 |
AU3CB0304483 | DB Finance | AUD | 250 | 149 | 6.016 | Nov 2033 | 10.0 |
XS2722190795 | DB Finance | EUR | 650 | 650 | 4.000 | Nov 2043 | 20.0 |
Events after the balance sheet date: Bond issue
We issued two senior bonds through DB Finance at the beginning of 2024.
ISIN | Issuer | Currency | Volume (million) | Volume (€ million) | Coupon (%) | Maturity | Term (years) |
XS2755487076 | DB Finance | EUR | 500 | 500 | 3.375 | Jan 2038 | 14.0 |
XS2763525396 1) | DB Finance | NOK | 1,325 | 117 | 4.106 | Feb 2039 | 15.0 |
1) Private placement.