Retailer TEDi launches Schuldschein

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By Silas Brown
07 Apr 2021

German retailer TEDi has launched a Schuldschein, in the first deal to hit the market since the Easter break.

BayernLB, DZ Bank and UniCredit are arranging the deal, offering three, five, seven and 10 year tenors. The initial target is €150m, but that could rise with demand.

Spread ranges are 160bp-180bp, 180bp-200bp, 200bp-220bp and 220bp-240bp, priced over mid-swaps for fixed notes, and six month Euribor for floating ...

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