Blow to Schuldschein exuberance as Carillion staggers
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Blow to Schuldschein exuberance as Carillion staggers

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In just three days this week, Carillion, the UK construction and support services group, lost 70% of its value, prompting fears of a debt-to-equity swap. This anguish comes only five months after Carillion raised €112m in the Schuldschein market, which is unused to defaults, write Silas Brown and Jon Hay.

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