Claas enters SSD market for ‘forward funding’
German agricultural machinery firm Claas has entered the Schuldschein market for a minimum of €150m, with one of the deal's tranches not settling until mid-August.
BNP Paribas and LBBW are arranging the transaction. There are seven and a half year fixed and floating rate notes on offer, with spread ranges of 60bp-75bp over mid-swaps or six month Euribor. There is also a nine and a half year fixed note with a range of 75bp-90bp over mid-swaps.Finally, ...
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