On the way to establishing DEBTVISION as a digital marketplace for Schuldschein loans
- DEBTVISION successfully implements first € 58 million Schuldschein transaction with exclusive marketing on the digital marketplace with borrower BayWa AG and a double-digit number of investors.
- Further transactions with well-known Schuldschein addresses will be launched shortly.
- Christoph Steinbrich, Managing Director of DEBTVISION: „The exclusive marketing via DEBTVISION has proven that our vision of a digital marketplace is accepted by users. We will expand the platform with our customers based on their experiences.“
In June, LBBW and the Börse Stuttgart established a digital marketplace for Schuldscheine under the DEBTVISION brand. Shortly thereafter, the first transaction was launched via the new platform, which was also successfully placed.
The international trading and services group BayWa AG marketed a Schuldschein exclusively via DEBTVISION to a large number of established Schuldschein investors. In addition to the 15 subscribing investors, a large number of other investors were acquired as platform users. The marketing result clearly shows that DEBTVISION`s vision is accepted by the relevant players in the Schuldschein market and enables real transactions. Joachim Erdle, Head of Corporate Finance at LBBW: “The high level of investor interest in the debut transaction and the upcoming marketing of further Schuldschein loans make us confident that DEBTVISION is on the right track and will create the expected added value for our customers .”
Andreas Helber, CFO of BayWa AG: „We are very satisfies with the course and the result of the marketing phase of our Schuldschein loan and have increased the originally planned amount of EUR 50 million in order to serve all interested investors. “DEBTVISION`s direct access to the relevant invesorts, the high level of transparency regarding the current status of transaction and the direct digital communication with our investors make it an innovative new financing option. It has been shown that this can be a new instrument for standard transactions.“
With further companies, further transactions with exclusive marketing via DEBTVISION will be launched shortly. On the basis of the experience gained and customer wishes, the platform will be continuously expanded with additional functionalities.
DEBTVISION is a joint subsidiary of LBBW and Börse Stuttgart. Founded in 2018 and headquartered in Stuttgart, the company operates the digital marketplace of the same name for Schuldschein loans. The Managing Director of DEBTVISION is Christoph Steinbrich, an experienced and in the market acknowledged Schuldschein expert.
Landesbank Baden-Württemberg is a medium-sized universal bank and the central institution of the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. With total assets of EUR 238 billion and over 10,000 employees (as of December 31, 2017), LBBW is one of the largest banks in Germany. Its core activities are corporate customer business, especially with medium-sized companies, and business with private customers and savings banks. Another focus is on real estate and project financing in selected markets as well as customer-oriented capital market business with banks, savings banks, and institutional investors.
About BayWa AG
With around 17.400 employees, BayWa (Munich headquartered) is a globally active group with core competencies in trading, logistics and supplementary services in the three operating segments Agriculture, Energy and Building Materials and the development segment Innovation & Digitalization. Group sales of EUR 16.1 billion were achieved in 2017. In addition to Europe, international activities focus on the USA and New Zealand.