Stabilus launches SSD as autos return

By Silas Brown
25 Jan 2021

German car part maker Stabilus began marketing a Schuldschein on Monday, as many consider whether the automotive sector should be back on investors' buy lists.

Helaba is arranging the deal for the listed corporate, which has a cover target of €50m. There are five and seven year tranches, with spread ranges of 100bp-120bp and 120bp-140bp. The deal will be priced over mid-swaps for the fixed rate notes, and six month Euribor for the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial