ZF Friedrichshafen weighs up shift in funding away from Schuldschein

By Mike Turner, Silas Brown
11 Sep 2020

ZF Friedrichshafen, the German car parts maker, is considering moving its focus away from the Schuldshein market, where it is one of the biggest issuers, after finding success selling public bonds this week.

The borrower, rated Ba1/BB+, printed €1.5bn in the Eurobond market on Thursday, split evenly between five and eight year maturities. 

Despite the company not being eligible for the European Central Bank’s corporate bond buying programmes, the high yield market has still been attractive for borrowers, particularly for crossover and ...

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