French Sodiaal looks for Schuldschein cash

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By Silas Brown
24 Jun 2020

French dairy cooperative Sodiaal has entered the Schuldschein market, according to market sources, on the hunt for at least €100m.

BayernLB and HSBC are arranging the five, seven and 10 year deal. Margin ranges are 240bp-270bp, 270bp-300bp and 300bp-330bp. Sodiaal has issued a Schuldchein once before, a €100m deal in December 2013.

“Sodiaal’s known in the market,” said one banker familiar with the deal. “The higher than normal ...

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