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2020/01/24 / Erste Group Research

Credit Markets Special | Corporate Schuldscheindarlehen 2019: Emissionsstarkes Jahr mit bemerkenswerten „Ersten“

2019 wurden in rund 150 Transaktionen EUR 27,5 Mrd. an Corporate Schuldscheindarlehen begeben. Davon entfielen knapp über EUR 3 Mrd. auf österreichische Emittenten. Die CEE-Region war mit drei Platzierungen aus Tschechien vertreten.

Neu hinzugekommen sind an Nachhaltigkeit gekoppelte Schuldscheine sowie Schuldscheine mit negativem Zins-Floor. Das Preisniveau lag 2019 durchschnittlich um rund 15% J/J über dem Level des Jahres 2018 und somit wieder in etwa auf dem Niveau von 2017.

Für das Gesamtjahr 2020 erwarten wir eine Stagnation bzw. einen Rückgang des Emissionsvolumens, da der Anleihenmarkt, gestützt durch die EZB, für große Emittenten attraktiver sein könnte.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Czech Republic, Eurozone
Currency in focusCzech Koruna, Euro
Sector in focus-


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