There is no better way to network with your key clients whilst providing a host of interesting panels and lively workshops to keep them informed on the latest market trends. Euromoney conferences provide an unparalleled opportunity for you to reach and remain at the forefront of your market.
To find out how you could benefit from sponsoring a Euromoney Conference please contact us on +44 (0) 20 7779 8488.
Schuldschein: a victim of its own success?
140 delegates from across the Schuldschein market met in Frankfurt in March to take part in Euromoney Conference’s most successful Schuldschein event to date.
Speaking to a packed hall in the Grand Hotel, Neil Weiand, partner at Linklaters, opened the event. He detailed the most recent developments in the industry, not least the astonishing growth in international popularity of this once obscure German debt financing instrument. Last year there were was around €30bn worth of Schuldschein issuance across 170 deals, he told delegates. Up from $26bn across 130 deals in 2016.
Optimism for this burgeoning market infused the event. But it was also tinged with concern. The recent debacles over Carillion and Steinhoff gave delegates pause for thought, as did questions over its future competitiveness as compared to private placements, bonds and loans. The question was asked: has the Schuldschein market overstretched itself? It was a common theme for the day’s numerous panels, interviews and workshops.
As were questions over the viability of a secondary market and whether the sector’s thin documentation needed to be beefed up in light of its growing popularity with global issuers and investors. The impact of central bank normalisation and rising rates also dominated talk, as did the question of whether ratings were appropriate in this market, and what impact Fintech could have on a sector dominated by face-to-face relationships? We also had a session dedicated to green issuance.
Some of Schuldschein industry’s leading figures – issuers, bankers, legal experts and investors – were guests on our panels, keynote speakers, attended our workshops or debated issues on our target tables.
Euromoney would like to thank all of our sponsors, speakers and attendees for making the event such a great success.
We looking forward to seeing everyone again next year for the 2019 instalment of the Forum.