Stadtwerke München signed the first jumbo Schuldschein transaction since the market peaked in 2008, prompting hopes that the market may prove a useful source of funding for large-cap issuers. Demand for the Bavarian utility was high, with a book of Eu1.7bn, while nearly 90% of the transaction had tenors of 10 years or more. To find out more, read EuroWeek this Friday.
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