Bilfinger seeks lender redemption in Schuldschein market

fingers crossed 230
By Silas Brown
26 Feb 2019

German industrial services company Bilfinger has launched a Schuldschein months after pulling a transaction in public markets. The BB-rated company is offering a spread substantially higher than the typical Schuldschein borrower, in the hope that lenders will forego its failed foray and be charitable with its chequered past.

Helaba, Raiffeisen Bank International and SEB are offering lenders ranges of 200bp-220bp, 250bp-270bp over Euribor for three and five and a half years, and aiming for an initial size of €100m.

“Having seen what the company has gone through, I think it’s right to offer lenders ...

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