Robert Bosch Is Selling Euro Bonds to Fund Acquisition of Assets

Robert Bosch GmbH is selling five euro bonds to help finance its acquisition of air-conditioning assets from Johnson Controls International Plc.

The German company, which manufactures auto parts and household appliances, is offering an 18-month floating rate note and three-year, six-year and nine-year tranches through its US entity Robert Bosch Finance LLC, according to a person familiar with the matter. Its subsidiary Robert Bosch Investment Nederland B.V. is raising the final 12-year tranche, they added.

The debt issuance is being done through two entities to finance the different parts of Robert Bosch’s acquisition activity, and is all guaranteed by ...