Germany’s Private Debt Deals Diminish Due to Gloomy Outlook
- Schuldschein market for mid-size businesses has been very slow
- German economy shrank in 2024 and little growth seen this year
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Companies that make up the backbone of the German economy are putting borrowing plans on hold, with sales of a local debt product dwindling amid a gloomy economic outlook.
Schuldschein debt sales have been slow this year, with just four deals totaling a combined marketed size of around €400 million ($413 million), according to data compiled by Bloomberg and people familiar with the matter. That’s about half the value of seven deals that were being marketed at this time last year, and a fraction of the more than €1.4 billion being sold at this point in 2023, the data show.