Conti to raise over Euro 500 million in bond issue

ERJ staff report (DS)

Hannover, Germany -- Continental has entered another stage in its re-financing package. The company has announced a bond issue to the value of at least euro 500 million. According to a statement issued by the company in Hanover on Monday, a final decision as to the issue volume and the conditions will be made upon conclusion of an investor road show.

The notes will be issued by Conti-Gummi Finance B.V., Netherlands, and guaranteed by Continental AG and selected subsidiaries of Continental AG, the issue will be handled by a bank consortium led by Citi and the Royal Bank of Scotland.

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Press release from Continental