German car parts maker ZF Friedrichshafen has closed its Schuldschein and agreed to take just over €2bn, according to market sources. Schuldschein participants believe this demonstrates the private market’s ability to compete with its public equivalents.
“There will be an official figure released soon, but the final size will be a tad over €2bn,” said one banker familiar with the transaction.Commerzbank
, Helaba, LBBW
marketed the deal, which was priced on Friday, offering three, five, seven and 10 year fixed