MTU Aero Engines Announces New Convertible Bond Offering

On January 8, 2026, MTU Aero Engines AG launched a dual financial strategy comprising a new convertible bond offering and a solicitation to investors for selling existing bonds due in 2027. The company seeks to issue senior unsecured convertible bonds totaling EUR 600 million, maturing in July 2033, while also inviting holders of EUR 500 million in outstanding bonds to sell for cash. These bonds are aimed at optimizing MTU's capital structure by refinancing early and reducing dilution risk.

The new bonds, convertible into registered shares, exclude existing shareholders' subscription rights and offer a yield to maturity between 0.77% and 1.26%. Institutional investors outside specific restricted jurisdictions are the target audience. This strategy will finance the repurchase of old bonds and support general corporate purposes. Final bond terms and settlement plans are set for later announcements.