Creditor Relations
Finance strategy
Building on the principles and aims of financial management, the Supervisory Board approved a financial strategy in March of 2010. In addition to the interests of shareholders, the strategy also takes lender requirements into account. The goal is for the Group to maintain its financial flexibility and low cost of capital by ensuring a high degree of continuity and predictability for investors.

Credit rating
Credit ratings represent an independent and current assessment of a company’s credit standing. In addition to a quantitative analysis of the annual report and appropriate planning data, they also take into account qualitative factors such as industry-specific features and the company’s market position and range of products and services. The following table shows Deutsche Post DHL Group`s current credit ratings and the underlying factors.
Current ratings of Deutsche Post DHL Group
Rating | Fitch Ratings |
Moody's Investors Service |
Long-term Short-term Outlook |
BBB+ |
A3 |
Research |
6 March 2020 PDF (538 kB) |
18 May 2020 PDF (1.6 MB) |
Update | 11 May 2020 PDF (262 kB) | 14 January 2021 PDF (1.3 MB) |
+ Rating factors |
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- Rating factors |
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Rating definitions | PDF (372 KB) | PDF (1.2 MB) |
Homepage Rating agency | www.fitchratings.com | www.moodys.com |
Bonds and instruments
The following overview provides you with the most important information about the major bonds issued by our company. The bond issued by Deutsche Post Finance B.V. is fully guaranteed by Deutsche Post AG.
Overview of major bonds
Bond |
Interest rate |
Volume |
Issuer |
Carrying amount 2019 |
Fair value 2019 |
Documentation |
H1 2020 |
Annual Report 2019 |
Straight bonds issued under the debt issuance programme | ||||||||
2012/ 2022 |
2.950% | €500 m |
DPF1) |
€499 m |
€538 m |
(2.0 MB) |
PDF (297 kB) |
PDF (11 MB) |
2012/ 2020 |
1.875% |
€300 m |
DPAG |
€300 m |
€306 m |
(2.4 MB) |
||
2012/ 2024 |
2.875% |
€700 m |
DPAG | €698 m |
€797 m |
(2.4 MB) |
||
2013/ 2023 |
2.750% |
€500 m |
DPAG |
€498 m |
€552 m |
(2.1 MB) |
||
2016/ 2021 |
0.375% | €750 m |
DPAG |
€748 m |
€754 m |
(1.7 MB) |
||
2016/ 2026 |
1.250% | €500 m |
DPAG |
€497 m | €530 m |
(1.7 MB) |
||
2017/ 2027 |
1.000 % | €500 m |
DPAG |
€496 m | €524 m |
(2.3 MB) |
||
2018/ 2028 |
1.625% | €750 m |
DPAG |
€742 m | €825 m |
(4.22 MB) |
||
2020/ 2026 |
0.375% | €750 m |
DPAG |
(4 MB) |
||||
2020/ 2029 |
0.750% | €750 m |
DPAG |
(4 MB) |
||||
2020/ 2032 |
1.000% | €750 m |
DPAG |
(4 MB) |
- 1)
- Deutsche Post Finance B.V.
- Paying Agent: Deutsche Bank AG, Taunusanlage 12, 60325 Frankfurt am Main
Bond |
Interest rate |
Outstanding Volume |
Issuer |
Current conversion ratio |
Current conversion price |
Terms and conditions |
Convertible bond |
||||||
2017/ 2025 |
0.050% |
€1,000 m |
DPAG | 1,794.19161) |
€55.73541) | PDF (307 KB) |
- 1)
- Due to payment of a dividend of €1.15 per no-par value share on September 01, 2020 pursuant to the resolution of the ordinary shareholders’ meeting of Deutsche Post AG on August 27, 2020 the Conversion Ratio is adjusted from 1,797.4721 to 1,797.1916 and the Conversion Price is adjusted from € 55.6337 to € 55.7354 with effect as of August 28, 2020 in accordance with the terms and conditions of the Convertible Bonds and as calculated by Conv-Ex Advisors Limited as Calculation Agent.
- Paying Agent: Deutsche Bank AG, Taunusanlage 12, 60325 Frankfurt am Main
Debt Issuance Programme (DIP)
In 2012, we established a Debt Issuance Programme with a volume of up to €8 billion. This offers us the possibility of issuing bonds in customised tranches up to a stipulated total amount and enables us to react flexibly to changing market conditions. For details about the different bonds issued under the programme please refer to the table above.
Issuer | Deutsche Post AG; Deutsche Post Finance B.V. |
Programme Amount | €8,000,000,000 |
Arranger | Deutsche Bank |
Dealers: | Commerzbank Deutsche Bank HSBC Morgan Stanley Bank of America |
Prospectus | PDF (3.4 MB) |