Private Debt

  • LSEG reveals new MTN platform

    LSEG reveals new MTN platform

    The London Stock Exchange Group has partnered with fintech firm Nivaura for the exchange's new platform, called Flow. LSEG hopes that its adoption of Nivaura’s general-purpose legal mark-up language (GLML) technology will help to establish it as the industry’s automation protocol of choice.

  • SSD bankers push back against troubled borrowers

    SSD bankers push back against troubled borrowers

    Schuldschein arranging banks have long claimed to be the market's gatekeepers as far as borrowers looking for access are concerned, rejecting lower quality credits to keep the standard high. As the market expanded in recent years and a richer variety of companies borrowed from it, this became a less convincing claim. But as the coronavirus pandemic rocks Europe, Schuldschein bankers say they have declined several requests from companies from risky sectors.

  • Morningstar to sell PPs for first time

    Morningstar to sell PPs for first time

    Morningstar, the US investment research firm, is marketing US private placements for the first time in its 26 year history, according to several sources familiar with the situation.

  • New lenders enter Schuldschein market

    New lenders enter Schuldschein market

    Several sources have told GlobalCapital that a clutch of new investors have entered the Schuldschein market, tempted by higher spreads brought on by the pandemic.

  • People news in brief

    People news in brief

    Wartchow heads to Pemberton — Barclays names permanent equities heads — Bonilla joins Kartesia

  • Schuldschein reverts to roots after Covid panic

    Schuldschein reverts to roots after Covid panic

    The Schuldschein market, which has spent the last few years growing increasingly international compared to its domestic origins in Germany, has lost its adventurous streak due to the coronavirus pandemic. Forays into unknown territories with borrowers from new industries are being treated with trepidation and lenders are heading back to what they know best.

  • Schuldschein lenders sniff danger in auto sector

    Schuldschein lenders sniff danger in auto sector

    Once Schuldschein market darlings, auto parts suppliers are beginning to look to lenders like they may be in distress. Some fear a wave of credit restructurings on the horizon, when the market's lean documentation standards are likely to be tested.

  • Internationals return to Schuldschein ranks

    Internationals return to Schuldschein ranks

    After a period of quiet, the Schuldschein market is creaking back into life. At least four international companies have entered the market in the past week on the hunt for new debt.

  • UK universities look to PPs to bandage Covid wounds

    UK universities look to PPs to bandage Covid wounds

    Top tier UK universities are likely to issue public and private debt in the fourth quarter of this year, to fill a funding gap from collapsing summer revenues and dwindling numbers of international students. With operating conditions for the sector decidedly bleaker, many expect a clutch of lower ranked UK universities to go bust in the next few years.

private debt news archive