Dyckerhoff launches Schuldschein with wide guidance

Germany’s Dyckerhoff launched a Eu100m Schuldschein on Wednesday. The four year facility for the cement producer, a Baa2/BBB credit owned by Italy’s Buzzi Unicem, has price guidance of 400bp-450bp, a level that reflects investors’ nervousness about the sector, said bankers.

  • 18 Jun 2009

“It’s a pretty wide spread. A lot of people don’t like the construction industry that much,” said one banker away from the deal. “It’s also a sign that there’s high supply in the Schuldschein market right now.”

Dyckerhoff’s deal is being led by DZ Bank, HVB and LBBW.

The borrower ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%