New year brings relief to international Schuldschein arrangers

The decline in international and debut Schuldschein issuance last year had a disproportionate impact on non-German bank arrangers. But this year’s bright start has given them a new lease of life.
One of the features of the market’s international success over the past five years has been an influx of new arrangers bringing debut borrowers to the market. Banks like ABN Amro, Crédit Agricole, Danske Bank, Mediobanca, MUFG and UBS have made inroads into the Schuldschein, some setting up
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