{"id":28918,"date":"2021-11-12T08:38:48","date_gmt":"2021-11-12T07:38:48","guid":{"rendered":"https:\/\/staging.capitalmind.com\/schuldschein-market-update-q3-2021\/"},"modified":"2025-09-24T13:21:13","modified_gmt":"2025-09-24T11:21:13","slug":"schuldschein-market-update-q3-2021","status":"publish","type":"post","link":"https:\/\/dev2.capitalmind.com\/de\/schuldschein-market-update-q3-2021\/","title":{"rendered":"Schuldschein Market update &#8211; Q3 2021"},"content":{"rendered":"<h2>Market snapshot<\/h2>\n<p><strong>Current developments on the Schuldschein market<\/strong><\/p>\n<ul>\n<li>The Schuldscheinmarket is recovering much more slowly from corona impacts than the bond market. In H1 2021 deal volume are is still 51% below H1 2019<\/li>\n<li>International issuers return to the market, despite two-thirds of deals still from Germany<\/li>\n<li>Corporate Schuldschein issuance decreased 6% in the first nine months of 2021 with \u20ac11.97 billion of volume when compared to the first nine months of 2020 which saw \u20ac12.76 billion of issuance<\/li>\n<li>A total of 81 deals were completed in the first nine months of 2021, up from 77 deals completed in the first nine months of 2020.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28611 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Trends-1024x358.png\" alt=\"\" width=\"1024\" height=\"358\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Trends-1024x358.png 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Trends-800x279.png 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Trends-768x268.png 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Trends.png 1460w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28615 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Largest-Schuldschein-deals-1024x501.png\" alt=\"\" width=\"1024\" height=\"501\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Largest-Schuldschein-deals-1024x501.png 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Largest-Schuldschein-deals-800x392.png 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Largest-Schuldschein-deals-768x376.png 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Largest-Schuldschein-deals.png 1460w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28619 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Number-of-deals-and-volume-07-21-1024x556.png\" alt=\"\" width=\"1024\" height=\"556\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Number-of-deals-and-volume-07-21-1024x556.png 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Number-of-deals-and-volume-07-21-800x434.png 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Number-of-deals-and-volume-07-21-768x417.png 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Number-of-deals-and-volume-07-21.png 1462w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2>Schuldschein activity &#8211;\u00a0 Spotlight selected Real Estate<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28623 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-peer-group-1024x385.png\" alt=\"\" width=\"1024\" height=\"385\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-peer-group-1024x385.png 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-peer-group-800x301.png 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-peer-group-768x289.png 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-peer-group.png 1522w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<ul>\n<li><strong>Zech Group<\/strong> is a frequent issuer with relationship banks and selected international partner banks<\/li>\n<li><strong>Hamborner REIT<\/strong> well comparable peer, however, no Schuldschein post COVID placed<\/li>\n<li><strong>Greenman<\/strong> has a complex structure, therefore no placed volume\/deal<\/li>\n<li><strong>FCR Immobilien<\/strong> public bond coupon 4.25%, 5 years maturity<\/li>\n<li><strong>Noratis AG<\/strong> residential portfolio developer, 4.75% yield, 6 years maturity, EUR 10m private placement<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28627 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-deal-flow-1024x551.png\" alt=\"\" width=\"1024\" height=\"551\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-deal-flow-1024x551.png 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-deal-flow-800x431.png 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-deal-flow-768x413.png 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/11\/Real-Estate-deal-flow.png 1460w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Investec has developed strong expertise in succession planning for entrepreneurs by supporting numerous financing, acquisition and divestment projects for family businesses. If you would like to discuss financing solutions for your business, please do not hesitate to contact us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market snapshot Current developments on the Schuldschein market The Schuldscheinmarket is recovering much more slowly from corona impacts than the&#8230;<\/p>\n","protected":false},"author":17,"featured_media":28278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3801],"tags":[],"news-event-type":[],"dealtype":[3712],"blog-tag":[],"class_list":["post-28918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sectornews-de","dealtype-debt-advisory-de","ps-finanzdienstleistungen"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts\/28918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/comments?post=28918"}],"version-history":[{"count":0,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts\/28918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/media\/28278"}],"wp:attachment":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/media?parent=28918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/categories?post=28918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/tags?post=28918"},{"taxonomy":"news-event-type","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/news-event-type?post=28918"},{"taxonomy":"dealtype","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/dealtype?post=28918"},{"taxonomy":"blog-tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/blog-tag?post=28918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}