Post by Nils Künnemann

Otto Group: EUR 240 million Schuldschein Loan – Final Volume More Than Doubled!   Following our debut issuance in 2022, we have once again successfully placed a broadly marketed Schuldschein loan transaction. This has firmly established this debt instrument as a reliable financing source for the Otto Group. The final volume of EUR 240 million significantly exceeds the initially targeted marketing volume by more than double, thanks to strong investor interest. More than 30 national and international investors subscribed to the offered tranches with maturities of three, five, and seven years. This allowed us to further diversify our investor base. All tranches were priced and placed at the lower end of the marketing range.   Special thanks for the successful collaboration go in particular to the Corporate Finance team (Katy Roewer, Franziska von Scholz, Kai Havekost, Elena Hinsch, Bianca Schiefelbein, Alina Liedtke) and the Legal team (Dr. Christian Post, Torsten Braatz), as well as the arrangers DZ BANK AG, ING, LBBW, UniCredit Group, and our legal advisor Dentons Europe (Germany) GmbH & Co. KG. Link to press release: https://lnkd.in/eYCtGnFJ   #OttoGroup #Financing #Schuldschein #CapitalMarkets #CorporateFinance