Vetter first off the blocks in Schuldschein market

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By Silas Brown
08 Jan 2020

German pharmaceutical firm Vetter launched a Schuldschein on Tuesday, which is the first such offering in the market in 2020.

Vetter, which has issued Schuldscheine before, mandated Commerzbank and LBBW to find a minimum of €100m across five, seven and 10 year tenors. Consecutive spread ranges are 60bp-70bp, 70bp-80bp and 85bp-95bp over mid-swaps for fixed rate and six month Euribor for floating rate notes.

There is an investor call on January 21 and the ...

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