Schuldschein market in a muddle over Covid-19 pricing levels

By Silas Brown
07 Apr 2020

Schuldschein bankers are working out what pricing is fair during the Covid-19 crisis, as investors observe sharp widening in euro bond spreads.

“Everybody is looking for liquidity,” said a lender from an Asian bank, who invests in Schuldschein among other forms of debt. “But of course some come with pricing expectations that just don’t work, in which case we can’t invest.”

The Schuldschein market has been quieter than some would ...

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