Messe Frankurt sells debt for first time in 800 years

Messe Frankfurt 575x375
By Silas Brown
28 Jul 2020

Frankfurt Trade Fair, the events organiser and world’s largest trade fair, is looking to issue Schuldscheine, according to market sources, for the first time in its 800 year history. The events industry has suffered through the pandemic, as organisers have had to postpone or cancel conferences, or reproduce them digitally, as a result of lockdowns.

BayernLB, DZ Bank and Helaba are arranging the fixed and floating rate deal, according to a term sheet released to investors on Tuesday morning and seen by GlobalCapital.

The initial target size is €100m, with tranches of five and seven years. Margin ranges are 125bp-145bp and 145bp-165bp, priced over mid-swaps ...

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