UPDATE 1-Continental AG in third major bond issue this year

Newswire

* Issues bond worth up to 1.25 bln eur * Says is last bond issue this year * Shares down 0.4 pct (Adds details, background) FRANKFURT, Sept 27 (Reuters) - German car parts and tyre maker Continental AG will take out a bond worth up to 1.25 billion euros ($1.67 billion), the third in a series of issues to take advantage of a resurgent junk-bond market. The company said on Monday it plans to place two bond tranches with maturities in 2016 and 2018 to further cut its reliance on bank ...

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