Akka joins growing trend toward chunky Schuldschein transactions
French engineering services company doubled its initial launch size to just over €400m, joining the growing proportion of Schuldschein deals closing over €200m. But, some question whether the growing number of larger companies accessing the German private placement market might affect funding chances for smaller SMEs
In the second quarter of 2017, around half of the number of Schuldschein deals were €80m-€200m (roughly €4.15bn), according to NordLB, while a quarter were above €200m.
However, in the third quarter the deals exceeding €200m swelled to half the market (roughly €4.3bn), with the €80m-€200m band
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