Rewe enters Schuldschein mart for acquisition debt

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By Silas Brown
19 Nov 2019

German supermarket group Rewe has entered the Schuldschein market, looking for at least €300m to pay in part for its acquisition of German wholesaler Lekkerland.

Rewe International Finance, a wholly owned subsidiary of Rewe Group, has mandated LBBW and SEB to sell the Schuldscheine.

They are offering investors three, five, seven and 10 year notes. See the table below for spread ranges against six month Euriobor for the floating rate paper and against mid-swaps ...

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