Austrian cellulose fibre maker Lenzing has entered the Schuldschein market with margins tied to its sustainability performance.
BNP Paribas, LBBW and UniCredit are arranging the transaction, offering investors five, seven and 10 year euros, and five and seven year dollar tranches in either fixed or flaoting rate formats. Pricing ranges for the euro tranches are 85bp-100bp, 105bp-120bp and 125bp-140bp, either over Euribor, or mid-swaps depending
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