Claas enters SSD market for ‘forward funding’

Brazil agriculture food soybean from Adobe 230x150
By Silas Brown
09 Jan 2020

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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