Deutsche Bahn, is set to issue a $500m (€425m) bond next week in its first sortie into the bond markets of 2005. The proceeds will be used to refinance the German railway operator's $1.2bn acquisition of US logistics company Bax Global last month.

The company has appointed Citigroup, Deutsche Bank, Morgan Stanley and UBS to arrange the issue.

Jonathan Sibun

Citigroup

Deutsche Bank

Morgan Stanley

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Four banks launch $500m railway bond

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