In 2023, CLAAS successfully placed another German private placement transaction (Schuldscheindarlehen) with a volume of €350 million. The transaction was placed with terms of 3.25, 5.25 and 7.25 years and with fixed and variable rate coupons.

Due to very strong demand, the company decided to increase the size of the transaction to €350 million, successfully setting the credit spreads of all tranches at the tight end of the marketing ranges. The final order books were several times oversubscribed.

The transaction attracted a high quality German and international investor base, with ticket sizes ranging from €1 million to €50 million being allocated to approximately 100 investors. CLAAS again used the SSD format to raise new capital and benefited from access to a broad mix of new investors, including German and international commercial banks, savings banks and cooperative banks.

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