Schuldschein seeks new place in Europe’s PP landscape

Germany’s private Schuldschein debt market — which has similarities with bonds and loans — has long enjoyed the loyal affection of specialist investors and issuers that know the market. The message is spreading fast, to investors as far afield as Asia, and issuers across Europe and even in emerging markets. As Elly Whittaker reports, that internationalisation will be crucial if Schuldschein is to keep growing, as Europe develops broader private placement markets.