Groupe SEB Reopens Schuldschein Market for French Firms
- The company increased the size of the sale to €650 million
- Roughly 80% of deal amount was for five years or longer terms
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Groupe SEB is the first French company to sell syndicated Schuldschein debt this year, a sign that foreign borrowers are returning to the niche German market.
SEB, which makes Tefal frying pans and All-Clad cookware, raised €650 million ($700 million) of the note. That’s more than triple the initial projection of €200 million, the company said in a statement.