Lufthansa launches online-only Schuldschein on VC Trade
Lufthansa, the German airline, entered the Schuldschein market on Tuesday, only accepting orders from lenders bidding via online marketplace VC Trade. Participants are watching closely, to see whether investors will be persuaded to move into a digital world.
BayernLB and Helaba are arranging the transaction for the Baa3/BBB-/BBB- rated borrower, offering lenders an opportunity to participate in either three or five year tenors. Pricing ranges were 65bp-80bp and 85bp-100bp, respectively.The initial size is €300m but that could rise if there is enough demand. One investor ...
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