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    Oiltanking Finance BV generates additional loans of 245 million Euros

    March 6, 2012
    Oiltanking Finance BV, Amsterdam, The Netherlands, has successfully completed a German Schuldschein transaction. Oiltanking could place notes of 245 million Euros in total with tenors from three to 10 years. Due to the strong demand, the original name-plate volume of 75 million Euros was heavily oversubscribed

    Oiltanking Finance BV, Amsterdam, The Netherlands, has successfully completed a German Schuldschein transaction. Oiltanking could place notes of 245 million Euros in total with tenors from three to 10 years. Due to the strong demand, the original name-plate volume of 75 million Euros was heavily oversubscribed.

    Bremer Landesbank, HSH Nordbank and UniCredit Bank acted as Joint Lead Arrangers in this transaction. They placed the notes with a broad spectrum of institutional investors in Europe. Especially German Saving and Loans Institutions as well as Insurances where attracted and a good part of the total volume has a tenor of ten years. Pricing was at the lower end of the band.

    The German Schuldschein issued by Oiltanking Finance BV, Amsterdam, is guaranteed by Oiltanking GmbH, Hamburg, Germany, the holding company of the Oiltanking group. A subsidiary of Marquard & Bahls AG, a leading privately owned petroleum company, Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 72 terminals in 22 countries within Europe, North America, and South America, Middle East, India as well as Asia. Oiltanking has an overall storage capacity of 19.6 million cubic meters.