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TRATON SE successfully signs € 700 m Debut Schuldscheindarlehen

  • The Schuldschein has been upsized from initially € 400 m to € 700 m due to a multiple times oversubscribed order book
  • In addition to regional German institutions, many Asian and European banks among the approximately 100 investors, TRATON SE thereby diversifying its funding mix
  • Embedded ESG-link again underlines TRATON’s commitment to sustainability matters and sets financial incentives for sustainable business performance

Munich, March 4, 2021 – TRATON SE has signed several Schuldscheindarlehen in a total amount of € 700 m. The Schuldscheindarlehen have maturities of 3, 5 and 7 years and have been offered in both fix and floating format. A group of approximately 100 international investors is providing the loans. In addition to regional German institutions, TRATON has received strong interest from Asian and European banks. Given the multiple times oversubscribed order book, TRATON has upsized the Schuldschein volume from initially € 400 m to € 700 m. All tranches have been priced at attractive levels at the lower end of the respective price ranges.

Proceeds of the Schuldschein are for general corporate purposes including the refinancing of subsidiary debt. Similar to the 2020 debut syndicated RCF, the Schuldschein includes sustainability elements (ESG-linked pricing), thereby underlining TRATON’s commitment to sustainability and sustainable business performance.


Contact:

Rolf Woller
Head of Treasury & Investor Relations
T +49 (0)89 36098-335
rolf.woller@traton.com

Philipp Lotz
Treasury & Investor Relations
T +49 (0)89 36098-283
philipp.lotz@traton.com

Matthias Karpstein
Business Media Relations
T +49 172 360 30 71
matthias.karpstein@traton.com

 

TRATON SE
Dachauer Str. 641
80995 Munich, Germany

www.traton.com

With its brands Scania, MAN, Volkswagen Caminhões e Ônibus, and RIO, TRATON SE is one of the world's leading commercial vehicle manufacturers. Its range comprises light-duty commercial vehicles, trucks, and buses, at 29 production and assembly sites in 17 countries. The Group aims to reinvent transportation — with its products, its services, and as a partner to its customers. For TRATON, sustainable economic growth always includes treating people and nature with respect. The People, Planet, and Performance triad will shape the future of our Company.

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