Motion technology firm Schaeffler on Tuesday announced the placement of corporate bonds with a total volume of €1.1 billion ($1.2 billion) with international investors. Under a current debt issuance programme in two tranches, the German company said a €500 million 4.500% bond will be maturing on August 14, 2026, and the €600 million 4.750% bond will be maturing on August 14, 2029. The bond issuance was oversubscribed. The proceeds of the issuance will mainly be used for the refinancing of the pr