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European corporates have hit the market with a series of long dated private medium term notes, following a burst of MTN trades last week.
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German car manufacturer Daimler is in the market for a substantial Schuldschein deal, which was launched at €300m and could grow to €750m, according to bankers away from the leads.
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Earnings blackouts have set in, subduing the investment grade corporate bond market in Europe — but that is no bad thing, as the market could do with some pent-up demand to give it some zip.
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Kuka, the robotics and automation company headquartered in Augsburg, Germany, has issued a €250m Schuldschein note.
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A Dutch brewing company has made a rare appearance in the private medium term note market with a 10 year note, joined by a trio of its continental peers that went even further down the maturity curve.
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Kuka, the robotics and automation company headquartered in Augsburg, Germany, has issued a €250m Schuldschein note.