Danish Agro closes Schuldschein

By Silas Brown
01 Apr 2021

The Danish cooperative farming company has sold €125m of Schuldschein, the largest placement in its three visits to the market.

Commerzbank and UniCredit arranged the deal, which was set out in three, five and seven year fixed and floating rate tranches. Spread ranges were 140bp-160bp, 160bp-180bp and 180bp-200bp, over mid-swaps for fixed rate notes, and six month Euribor for floaters.

There are two financial covenants: an equity ratio, whereby ...

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