RE: Interesting28 May 2023 21:46
Hi,
This is summary of what Bosch'bond offering is about ... cheers.
For the first time since 2014, the world's largest automotive supplier is issuing bonds again. Bosch is thus preparing for the tough cut-throat competition in future technologies. At 4.5 billion euros, Bosch has placed the largest bond in the company's more than 137-year history. "With the bond issue, we are expanding our financial leeway to be able to finance advance payments for the future or also acquisitions," said Bosch CFO Markus Forschner on Friday. Despite the challenging framework conditions, Bosch wants to significantly increase the pace of growth and secure powerful further development, explained Forschner. The foundation group is using the fresh money to equip itself for the tough cut-throat competition in electromobility and digitization.