Otto Group Surpasses Expectations on Schuldschein Market

Otto GmbH & Co. KGaA has successfully issued Schuldschein loans totaling EUR 240 million, exceeding their initial target of EUR 100 million due to high investor interest. The loans, with maturities of three, five, and seven years, attracted over 30 national and international investors, including savings and cooperative banks, as well as foreign commercial banks. All loan tranches were priced at the lower end of the range, indicating strong demand.

The funds from the transaction will support Otto Group's general corporate purposes, further diversifying their investor base and solidifying Schuldschein loans as a key financing source. Katy Roewer, Otto Group's CFO, views the strong investor interest as a positive reflection of the company's business model and resilience in a volatile market.

Supported by DZ BANK AG, ING, LBBW, and UniCredit, the transaction highlights the group's strategic financial management amid ongoing market volatility.