Italian, French Borrowers Sweep Back In to German Debt Market
- Italian companies raise record amount in Schuldschein in 2024
- Non-German borrowers had been shut out after Orpea scandal
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A German debt market is opening back up for companies beyond Germany, with more French and Italian borrowers raising financing in 2024 than over the whole of last year.
Companies from France and Italy have raised €1.9 billion ($2 billion) this year of Schuldschein debt, a promissory note that combines elements of both bonds and loans, according to data compiled by Bloomberg. That’s up from €946 million in the full year of 2023. Italian borrowers account for €1.1 billion of this year’s total, a record amount of issuance from the country.