Sixt SE Announces Successful €500M Corporate Bond Placement

In a significant financial milestone, vehicle rental giant Sixt SE has successfully placed a €500 million corporate bond with international investors. The bond, characterized by a five-year term and a 3.25% coupon, has been met with exceptionally strong demand, signaling robust investor confidence in the company's growth trajectory and business model.

Sixt plans to allocate the proceeds from this bond issuance towards its future growth initiatives, with a particular emphasis on expanding its fleet. "The overwhelming response to our bond issuance, marked by the lowest spread in our history, underscores the capital market's strong endorsement of our strategic focus on profitable growth," stated Franz Weinberger, CFO of Sixt SE.