Continental strengthens liquidity, places two bonds with a total volume of 1.5 billion Euro on the capital market

Continental has increased its liquidity reserves as a precautionary measure in view of the uncertain economic environment resulting from the coronavirus pandemic. The company successfully placed two bonds with a total volume of 1.5 billion Euro on the capital market.

As previously disclosed at the beginning of May, the company’s liquidity at the end of March amounted to 6.8 billion Euro.

“Continental has had, and still has, a very robust balance sheet. By issuing these bonds, we are taking advantage of a favorable window on the capital market. We are taking early and timely precautions to ensure we are well prepared for any unforeseeable eventualities”, explained Stefan Scholz, head of Finance & Treasury at Continental. He added: “We continue to have access to various financing sources and welcome the confidence shown by bond investors in Continental.”