Goldman Sachs is offering €375 million to €400 million in cash-settled exchangeable bonds due 2031, linked to the performance of Rheinmetall AG shares.
According to terms seen by Bloomberg, the bonds will only be redeemable in cash and will not bear interest. They will be issued at an issue price of 104% of their principal amount.
The final terms of the issuance are expected to be announced on Tuesday.
Goldman Sachs International is acting as the sole bookrunner for this bond offering.
