Schuldschein lenders will stay faithful as ECB tapers

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Schuldschein lenders will stay faithful as ECB tapers

Draghi ECB December 2015 PA 230x150

The ECB stimulus has likely contributed to a flow of borrowers and buyers entering the Schuldschein market, as downward pressure on spreads has forced lenders to look further for yield. But with talk of ECB tapering, some fear that the international investors who drove up volumes will return to more traditional stomping grounds. But these investors will be more faithful than it might seem.

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