VTG concludes financing of AAE acquisition with successful hybridbond placement

VTGVTG Aktiengesellschaft has placed a hybrid bond on the capital market for the first time. The bond’s volume add up to EUR 250 million. The bond forms part of a comprehensive financing concept with a total volume of EUR 370 million to finance the acquisition of the wagon hire company AAE – Ahaus Alstätter Eisenbahn Holding AG.
“This is the first time in the history of VTG that we have selected the hybrid bond as a financial instrument”, said Dr. Kai Kleeberg, CFO of VTG Aktiengesellschaft.
The bond is listed at the unregulated market segment of the Luxembourg Stock Exchange. With an interest rate of five percent, the equity-like and, in comparison to other financial liabilities, subordinated bond can be called after five years. The interest rate will subsequently increase by three percentage points. The date of issue was January 26, 2015.


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