Schuldschein agents toy with delayed draws to tempt borrowers back

By Silas Brown
25 Feb 2021

Schuldschein agents have begun offering borrowers delayed draws in a bid to increase the product's value as a funding option. Many investors are wary of the prospect of deferred funding but are also desperate for supply.

With the public bond markets beating Schuldscheine on price, arrangers have been thinking of what else they can offer to attract borrowers.

One area of success has been the ability to offer longer-term funding. Mayr-Melnhof Karton, the Austrian paper and packaging firm, was able to cut its three ...

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