Salzgitter ramps up Schuldschein size

Germany’s Salzgitter has closed a €350m-equivalent dollar and euro Schuldschein, with the steel products and tube maker blowing past its initial €200m launch amount.

  • By Mike Turner
  • 23 May 2019

Salzgitter’s deal is split between three, five, seven and 10 year tranches. The initial average interest across all tranches comes to around 1.3%. 

The trade saw “heavy oversubscription”, according to the borrower.

Demand is outstripping supply in the Schuldschein market, according to an investor.

“There are lots of pockets of liquidity,” ...

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