Dawn of Schuldschein debuts as TeamViewer launches ESG deal

By Silas Brown
18 Jan 2021

German software company TeamViewer launched an inaugural Schuldschein deal on Monday, with margins linked to its ESG performance. Five new borrowers have entered the Schuldschein market so far this year, almost half as many as appeared throughout the whole of 2020.

Commerzbank, ING and LBBW are arranging the deal, which is set out across three, five, seven and 10 years. Spread ranges are 100bp-120bp, 120bp-140bp, 140bp-160bp and 160bp-180bp, priced over mid-swaps for fixed notes and six month Euribor for floating rate notes.

The borrower is a funding subsidiary of ...

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