Amprion goes long with €100m Schuldschein-like deal
Amprion, the German electricity transmission firm, launched on Tuesday a €100m Namensschuldverschreibung (NSV) — an instrument with all the qualities of a Schuldschein, except for the issuer’s right to terminate the contract after 10 years.
BayernLB, Helaba and UniCredit are arranging the deal.
The German Civil Code — the legal basis for a Schuldschein — allows an issuer to terminate the contract after 10 years. So, it is rare to see Schuldscheine with longer tenors, as investors are concerned about potential losses....
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