Otto GmbH & Co. KG, founded in 1949 and headquartered in Hamburg, Germany, operates primarily in the retail sector, focusing on e-commerce and catalog sales. The company is well-known for its diverse product offerings, which range from fashion and furniture to electronics and household goods.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Otto commenced issuing bonds in 1997, establishing a robust presence in the fixed income market. Notably, its 2020 bond issuance of €500 million at a yield of 1.5% attracted significant investor interest, reflecting strong demand amid favorable market conditions. As of 2023, Otto bonds yield competitively within the retail sector, aided by the company's stable credit rating and effective management strategies, making it a reliable choice for retail investors.