Infineon Technologies has launched and priced two Eurobonds with a combined value of 800 million euros. The company says this is the first such transaction in its history.The proceeds will replace the bridge financing granted by banks to Infineon in August 2014 for the acquisition of International Rectifier Corporation."Infineon's successful Eurobond debut reflects our broad access to financing sources and ensures a balanced maturity profile," says Dominik Asam, chief financial officer, Infineon Technologies.Infineon says the Eurobonds were placed on an unrated basis at attractive terms following a three-day roadshow. The short-term bond of 300 million euros matures in three and a half years and will pay a coupon of 1.00%. The long-term bond of 500 million euros matures in seven years will pay a coupon of 1.50%. The bonds will be listed on the Luxemburg Stock Exchange.The order book for both Eurobonds was many times oversubscribed enabling a well-diversified distribution among international institutional investors including fund managers, insurance companies, pension funds and banks.Bank of America Merrill Lynch and Citigroup arranged the transaction. Bayerische Landesbank, BNP Paribas, Commerzbank, Credit Suisse, DZ Bank AG, Erste Group Bank AG, Goldman Sachs International, Helaba, Raiffeisen Bank International, The Royal Bank of Scotland and UniCredit Bank acted as joint lead managers on the offering.

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