Scholz enjoys blowout on first German SME bond since October.

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    • Subject Terms:
      SCHOLZ AG
    • Abstract:
      The article reports that German scrap metal recycler Scholz AG has issued the first German Mittelstandsanleihe bond for four months. Erste Bank and Raiffeisen Bank International were joint bookrunners for the deal while with Berenberg Bank and Close Brothers Seydler acted as joint lead managers. Parag-Johannes Bhatt, CFO of Scholz in Essingen, said the firm was able to close the transaction after a few hours and placed 150m euros with both retail and institutional investors.