German air traffic controller DFS looks for Schuldscheine

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By Silas Brown
29 Jun 2020

DFS Deutsche Flugsicherung, the German air traffic controller, launched a Schuldschein deal on Monday, on the hunt for at least €250m.

BNP Paribas, Commerzbank, DZ Bank and Helaba are arranging the deal, offering five, seven and 10 year notes to investors. 

Spread ranges are 50bp-65bp, 65bp-80bp and 85bp-100bp, respectively, over mid-swaps or six month Euribor depending on whether the notes are fixed or floating.

The initial target size is €250m, ...

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