Infineon Technologies AG successfully placed €2 billion of corporate bonds under its European Medium Term Notes (EMTN) program. The issuance was several times oversubscribed and structured in three tranches with different maturities, supporting the company’s refinancing plans for fiscal year 2026.
Infineon said the proceeds will be used to refinance upcoming maturities in FY2026, refinance EUR bank loans assumed as part of the acquisition of Marvell’s Automotive Ethernet business, and help fund the planned acquisition of ams OSRAM’s non-optical analog/mixed-signal sensor portfolio.
“We are pleased with the successful transaction, which demonstrates the capital markets’ confidence in Infineon and our profitable growth trajectory. It is evidence of our conservative financial policy as it extends our maturity profile and thus further strengthens our financial resilience,” said Dr. Sven Schneider, Chief Financial Officer of Infineon.
The bond offering comprises three fixed-rate tranches:
- €750 million, 5-year maturity, 3.0% p.a. coupon
- €750 million, 8-year maturity, 3.5% p.a. coupon
- €500 million, 11-year maturity, 3.75% p.a. coupon
The notes were issued in partial debentures with a nominal value of €100,000 each and placed exclusively with qualified institutional investors. The bonds are rated BBB+ by S&P Global Ratings.
Original – Infineon Technologies