Sustainability-linked Schuldscheine solidifies as trend

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By Silas Brown
31 Oct 2019

Austrian cellulose fibre maker Lenzing has launched a Schuldschein with a sustainability-linked pricing ratchet, just days before Italian infrastructure engineering firm Maire Tecnimont came with its own sustainability-linked deal..

BNP Paribas, LBBW and UniCredit are arranging Lenzing’s transaction, offering investors five, seven and 10 year euros, and five and seven year dollar tranches in either fixed or floating rate formats. 

Pricing ranges for the euro tranches are 85bp-100bp, 105bp-120bp and 125bp-140bp, either over Euribor or mid-swaps depending on ...

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