Asklepios closes high with third Schuldschein
Asklepios Kliniken, a German chain of hospitals, raised more than double its initial target of €300m of funding in the Schuldschein market, showing the market’s appreciation for German borrowers from familiar sectors.
Leads BayernLB and BNP Paribas offered margins of 65bp-80bp, 80bp-95bp and 95bp-110bp for fixed and floating rate euro tranches of five, seven and 10 years.
Asklepios would likely issue public bonds at a similar price, said one banker on the deal, but without the range of
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