Direct deals save big fish from private debt drought

By Silas Brown
17 Feb 2021

Though both Schuldscheine and US private placements are suffering from droughts of European deals, many of the larger investors in these markets are not too parched. Having used these markets as footholds to develop corporate relationships, they are now keeping deals flowing bilaterally.

Many involved in either Schuldscheine or US private placements grumble when recounting the start of this year. Both markets have suffered from central banks pumping bond markets with fresh cash, cramming prices down to levels neither private market can compete with.

The effect on volumes has been clear. ...

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