Körber €600 million debut schuldschein issue

Overview:

• Körber sold a €600 million schuldschein (promissory note) in what was a first issue of this type for the company. 
• The notes were issued in three tranches with maturities of five, eight and 10 years.
• Based in Hamburg, the issuer is the holding company for a technology group focused on various business areas, including machine tools and tobacco.  
• Commerzbank and Helaba Landesbank Hessen-Thüringen were arrangers on the transaction.
• Neither lender used outside counsel on the transaction. 

Ben Naylor - Regional Editor