Lufthansa raises money in quirky Schuldschein club deal

Lufthansa pilot from co for use 575x375
By Silas Brown
13 Apr 2021

Lufthansa has issued a quirky Schuldschein this week, according to market sources, in that it was bought by the eight banks that arranged it, rather than being sold to investors.

According a source with direct knowledge of the deal, Lufthansa has raised €350m of three year debt in the Schuldschein market in a club deal.

Club deals have no execution risk for the borrower, as they do not have to go through the rigmarole of a widely marketed ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial