Notes to the consolidated interim financial statements

Other Disclosures 

Bond issues and repayments

In the first half of 2021, the following senior bonds were issued by Deutsche Bahn Finance GmbH (DB Finance):

Volume of issue

Term (years)

Coupon (%)


CHF 400 million

(about € 370 million)



Institutional investors

in Switzerland

GBP 300 million

(about € 339 million)



Institutional investors

mainly in the
United Kingdom

SEK 5 billion

(about € 494 million)



Institutional investors

mainly in Scandinavia

€ 1 billion



Institutional investors

mainly in Europe

CHF 325 million

(about € 296 million)



Institutional investors

in Switzerland

AUD 260 million

(about € 168 million)



Institutional investors

in Korea and Taiwan

In the same period, a total of four senior bonds of DB Finance which had become due were repaid in total for € 700 million and SEK 1.6 billion (about € 182 million).

No dividend payment to the Federal Government

For the 2020 financial year, no resolution regarding the appropriation of profit was adopted due to the lack of cumulative profit of DB AG eligible for distribution. In the first half of 2020, DB AG paid a dividend of € 650 million for the 2019 financial year to the Federal Republic of Germany.

Number of issued shares

The number of issued shares is unchanged at 430,000,000.

Current collective bargaining negotiations with the GDL

The leadership of the German Train Driversʼ Union (Gewerkschaft Deutscher Lokomotivführer; GDL) has rejected several offers from DB Group and declared that the negotiations had failed after the fourth round of negotiations. The GDL has initiated a strike ballot and has announced strikes. It is not possible at present to assess the impact of possible industrial action.

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