Raiffeisen Bank International AG top stories

• Fresenius enters Schuldschein market on hunt for euros

  

  German healthcare company Fresenius has launched a Schuldschein across three tenors.

  • 15 Aug 2019

• Motability prints triple, OMV goes double in busy market

  Motability Operations Group, the UK company that operates the UK government's scheme to provide cars for the disabled, printed a £1.438bn-equivalent euro and sterling three tranche bond on Wednesday, in a busy day that also brought a €1bn two part issue from OMV, the Austrian oil and gas company.

  • 26 Jun 2019

• Schuldschein rarity as Agrana markets fixed, floating notes at different margins

  Agrana, a food producer headquartered in Vienna, is marketing a Schuldschein where its floating notes are some 20bp inside the fixed note offering. Two market participants said they had never seen this before.

  • 20 Jun 2019

• 'Insane' rally lets Heidelberg, América Móvil slash spreads

  The rally set off European Central Bank president Mario Draghi's assertion on Tuesday that further quantitative easing was possible, if not probable, had reached a level by Wednesday that astonished bankers. Three investment grade companies took advantage that day with benchmark bond issues, while one brought a tap.

  • 19 Jun 2019

• Private debt: a Goldilocks moment

  Europe’s private debt markets are progressing admirably. More and more companies are issuing, or at least aware of the possibility — and they have a varied choice of markets. Players in the Schuldschein and US PP markets are confident and looking ahead to new opportunities, as the products grow in geographical reach, asset class and technique. As Jon Hay reports, there’s just one snag — the credit cycle is nearing its end.

  • 17 Jun 2019

• Schuldschein sizes up digital crowd as 11 compete for crown

  The Schuldschein market has become a hotbed of technological innovation over the past 12 months, with as many as 11 digital platforms cropping up, claiming to have solutions to the instrument’s age-old, if slightly charming, inefficiencies. Silas Brown looks into the secrets to a digital platform’s success.

  • 17 Jun 2019

• Schuldschein expands eastward in a digital age

  VIENNA PRIVATE DEBT ROUNDTABLE The Schuldschein market is widening its circle of issuers and investors. It is now a natural choice for Austrian companies wanting to complement bank funding, but not necessarily big enough to issue public bonds.

  • 17 Jun 2019

• Euro PP: not dead, but in hiding

  The Euro private placement as an organised, visible, investment grade-like market has disappointed its founders. But despite unfavourable monetary policy, institutional corporate lending has taken hold. As Jon Hay discovers, the deals are there — but well camouflaged.

  • 17 Jun 2019

• US PP market swells amid Brexit uncertainty

  The US private placement market has carved itself quite a following among borrowers in the UK and Europe, with its enticing offer of long dated debt at tight margins. But since Britain voted to leave the European Union, agents are playing on another of the market’s strengths — its resilience to external shocks. Silas Brown investigates.

  • 17 Jun 2019

• Schuldschein eyes Italy and Iberia as green shoots appear

  FRANKFURT PRIVATE DEBT ROUNDTABLE The Schuldschein market has kept up its momentum across Europe and elsewhere, but two regions have been curiously quiet. Iberia and Italy have implied investment grade borrowers well suited to the market, yet only a few have been tempted to use it. Are there barriers to entry and how can they be overcome?

  • 17 Jun 2019