Schaeffler establishes bond program
The global automotive and industrial supplier Schaeffler has today established a EUR 5.0 billion bond issuance program. The relevant base prospectus was previously approved by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier (CSSF). The bond program creates a flexible framework for future financing via the debt capital market.
The establishment of the bond program in connection with the release of collateral security enables Schaeffler to further develop the financing structure towards an unsecured investment grade structure and underscores Schaeffler's endeavors to maintain the investment grade rating in the long term.
Forward-Looking Statements and Statements
Certain statements in this press release are forward-looking statements. By their very nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or developments to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions may adversely affect the outcome and financial consequences of the operations and developments described in this document. There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, through public announcement. The recipients of this news release should not disproportionately trust any forward-looking statements that reflect the status as of the date of this press release. Statements made in this news release about trends or past developments should not be taken as statements that these trends and developments will continue in the future. The above warnings are to be read in conjunction with subsequent oral or written forward-looking statements of Schaeffler or persons acting on its behalf.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Klaus Rosenfeld has been appointed as Chief Executive Officer of Schaeffler AG for a further five years
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
