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Billionaire Benko Turns to German Banks for Signa's Funding

Billionaire Benko Turns to German Banks for Signa’s Funding
Bloomberg
2/19/2021
© Photographer: picture alliance/picture alliance
Rene Benko
(Bloomberg) Billionaire Rene Benko is in talks with regional German banks to sell a niche debt product to local investors, the latest effort to raise money for his real estate and retail group Signa, according to people familiar with the matter.
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Talks are in progress to issue a Schuldschein loan a promissory note that’s marketed to local savings banks, commercial lenders and insurance funds, without requiring a formal rating but no mandate has been given, the people said, asking not to be named because they’re not authorized to talk about it. ....

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Billionaire Benko Turns to German Banks for Signa's Funding

Billionaire Benko Turns to German Banks for Signa's Funding
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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