Schuldschein steams into Asian market with Tianjin Rail’s €200m issuance

The schuldschein has hit Asian shores, with Tianjin Rail becoming the first Chinese entity to tap the instrument, raising €200m for a 10-year term. A source close to the deal spoke to CT about why the German import is appealing to borrowers in Asia.
Schuldschein steams into Asian market with Tianjin Rail’s €200m issuance

Tianjin Rail sealed its maiden schuldschein issuance last month. The schuldschein is structurally a hybrid between a loan and a bond and offers a number of advantages to potential issuers, explained a source close to the transaction.

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