Commentary & Deal Flow

MAHLE GmbH (MAHLGR) (Ba1 (stable) by Moody’s), a leading international development partner and supplier to the automotive industry, has mandated BNP/Commerz/DB/HSBC as jt active books to arrange a series of fixed income investor calls commencing Wednesday, 5th May. A recorded Netroadshow presentation (including video) has been made available. DB will be coordinating logistics. A 7-year Reg S, sr unsecured fixed rate EUR benchmark transaction will follow, subject to market conditions. HQ: Stuttgart, Germany.