German Private Placement 2015 (Schuldscheindarlehen)
In February 2015, CLAAS issued a German Private Placement for general corporate purposes and refinancing of expiring transactions. A loan amount totalling 300 million EUR was placed with over 200 investors from Germany and abroad. Due to high investor demand and the highly oversubscribed order book, CLAAS stopped acceptance of new orders on just the third working day following the start of the marketing process. In total, three tranches were placed with investors in the form of bullet transactions.
| Maturity | Interest | Coupon |
| 17.08.2020 | fixed | 0,986% |
| 17.08.2020 | variable | Variable based on Euribor |
| 17.08.2024 | fixed | 1,750% |
The coupons were all set at the lower end of the bookbuilding ranges. CLAAS regards the excellent conditions of the transaction as proof of the high recognition the company enjoys in the capital markets.
Based on the positive development of the CLAAS liquidity position, the company decided to redeem the 50 million EUR tranche with variable coupon ahead of schedule in August 2017. The shorter fixed coupon tranche has matured in August 2020.
