Deutsche Post World Net, the German postal and logistics group, has revived plans to issue a debut Eurobond after resolving credit rating concerns that arose after a European Union decree forced the company to repay €572m ($562.4m) in state aid.
Deutsche Post first unveiled proposals for an inaugural benchmark bond, worth around €1bn and led by Credit Suisse First Boston, Deutsche Bank and Morgan Stanley, in May, but preparations for the deal were hampered by volatility in the corporate bond markets and an EU ruling against the company.