This traditional German debt instrument is
attracting international interest
The German Schuldschein has been used as a traditional
private debt instrument by German small and mid-cap companies
for decades. But it has attracted little attention from major
corporates and international market players. After the public
bond markets came to a standstill following the financial
crisis in 2008, the Schuldschein market has seen growing
participation from major corporates and international debt
issuers and investors. The eurozone crisis further increased
the interest of international investors in Schuldschein
instruments, as it offers a way to avoid market volatility.
Since then, the interest of international issuers and investors
in Schuldschein instrument has grown steadily....