Details emerge on ZF blockbuster Schuldschein return

By Silas Brown
14 Aug 2019

ZF Friedrichshafen is targeting the end of August to launch its grand return to the Schuldschein market, according to people with knowledge of the situation. The German car parts maker’s €2.2bn issue in November 2014 is the biggest deal the market has ever seen but a bigger deal may be on the way.

According to two people familiar with the situation, Commerzbank, Helaba, LBBW and UniCredit have been mandated for ZF’s new issue and are targeting the last week of August to launch the transaction.

Since ZF agreed to buy Wabco for $7bn in March this year, participants have expected the ...

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