Freenet widens pricing after strong SSD run

European borrowers that flit between public and private debt have been choosing the Schuldschein market because of its comparatively tight pricing in the last few months but this week Freenet, the German telcoms firm, sweetened the terms it was offering investors.

  • By Silas Brown
  • 06 Dec 2018

The Schuldschein market processed €8.3bn of deals in the third quarter — more than in the whole first half of 2018 — as higher spreads in the bond market brought issuers back. 

“We have stability on our side,” said one Schuldschein arranger. “There's still demand at these tight ...

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5 HSBC 16,282.49 91 5.15%

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5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 27,454.25 115 5.81%
2 BNP Paribas 27,238.89 117 5.76%
3 JPMorgan 26,076.85 89 5.52%
4 Barclays 25,936.71 91 5.49%
5 Deutsche Bank 24,766.67 100 5.24%