Latest news on corporate MTNs, private placements, Schuldscheine

• Too many platforms: have Schuldschein banks met their Waterloo?

  

  Bemusement is growing among Schuldschein lenders, as a seventh issuance platform — again created to promote efficiency — is set to be launched.

  • 15 Nov 2018

• UK councils flirt with US PP funding

  

  A large UK council has held discussions with a selection of US private placement (US PP) arrangers over the possibility of raising more than £200m in a single issue, according to a senior banker familiar with the situation.

  • 15 Nov 2018

• NordLB set to launch Schuldschein platform

  NordLB will launch a Schuldschein issuance platform alongside a fintech firm on Wednesday, according to many Schuldschein participants.

  • 13 Nov 2018

• Bafin threatens centuries of stability with SSD reclassification

  

  Bafin, the German financial regulator, is seriously considering reclassifying Schuldscheine from loans to securities as the market pushes towards digitisation, according to a senior German debt banker. Such a move would have far-reaching consequences on demand for the product, which has allowed the market to blossom over the past two years, writes Silas Brown.

  • 08 Nov 2018

• US PP market relishes its resilience, looks on to the March of Brexit

  

  The US private placement (US PP) market considers itself well placed for the volatility surrounding Britain’s expected departure of the European Union on March 29, and participants expect additional deal flow as a consequence.

  • 06 Nov 2018

• Director departs Barclays New York private placement desk

  Christoper Jordan has left his position as director of US private placements at Barclays in New York.

  • 02 Nov 2018

• LMA produces SSD docs, user guide

  

  The Loan Market Association on Wednesday published a user guide for Schuldschein deals in a move that market participants said will make the market more approachable to international borrowers while maintaining its culture and standards.

  • 31 Oct 2018

• NGN debuts in US PP market

  

  Northern Gas Networks (NGN), the UK gas distribution company headquartered in Yorkshire, has sold £200m of US private placements notes, pricing at a tighter margin than what it could achieved from a sterling bond, said a US PP market participant.

  • 31 Oct 2018

Corporate private debt news archive