Infineon Raises €2B in Bonds to Refinance Debt and Acquisitions

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Infineon Technologies AG has successfully placed corporate bonds with a volume of €2 billion under its European Medium Term Notes (EMTN) program. The placement was several times oversubscribed and consists of three tranches with different maturities. The transaction enables Infineon to refinance upcoming maturities in fiscal year 2026. It will also help to refinance the EUR bank loans assumed in the context of the acquisition of Marvell’s Automotive Ethernet business and to finance 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 issuance consists of three fixed-rate tranches with different maturities: a 5-year tranche of €750 million with a coupon of 3.0 percent p.a., an 8-year tranche of €750 million with a coupon of 3.5 percent p.a. and an 11-year tranche of €500 million with a coupon of 3.75 percent p.a. The tranches were issued in partial debentures with a nominal value of €100,000 each and were placed exclusively with qualified institutional investors. The notes are rated BBB+ by S&P Global Ratings.