Austria’s Porr opens Schuldschein market with two deals in one

BVB
By Silas Brown
08 Jan 2019

Austrian construction firm Porr has become the first Schuldschein borrower in 2019, launching a pair of deals totalling €150m that are offered in three maturities. The deal was launched on Monday, and some of it is for green projects.

One deal, of €100m, is being led by HSBC and is designed to refinance a deal HSBC led in August 2015, that was increased from €100m to €200m.

That deal had three year fixed rate Schuldscheine paying 1.764% and floating rate notes at 160bp over six month Euribor. The ...

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