Tailormade debt capital alternatives
In view of Basel II, strategically broadening your funding base has become more important than ever. Use the long expertise of our loan and capital market specialists to access new markets! We help you to select the appropriate borrowing instrument, and offer you integrated concepts tailored to your long-term funding strategy.
Syndicated Loans
Syndicated loans give you the opportunity to build new strategic banking relationships - with WestLB's support. In this way, you spare your existing credit lines with your house banks and additionally benefit from high flexibility and efficiency without the requirement of an external credit rating.
Private Placements
New investor groups may be reached with straight-forward products such as Schuldschein loans or US private placements, which are distributed through WestLB to investors in the private placement market and not traded on stock exchanges. Issuers and investors alike are attracted by the simple documentation of the Schuldschein and the low amount of administrative work involved; the more complex US private placement gives you access to an entirely new investor base, such as US insurance companies. An external rating is no absolute requirement for these two types of financing.
Bond Issues
Public bonds allow you to significantly diversify your funding base, and ensure a high degree of attention in the market. WestLB's capital market specialists, with their structuring and advisory expertise, excellent research and direct access to potential investor groups, help you to make your offering a full success.
Participation Certificates (Genussscheine)
Participation certificates are securities giving investors the right to participate in the net profit and/or liquidation proceeds in particular of stock corporations and limited liability companies. This right is evidenced by a certificate, the Genussschein. A stock exchange listing is not required; participation certificates may be placed privately with investors. Use the structuring capabilities of the WestLB experts: In an optimal structuring, participation certificates are treated as borrowed capital for tax purposes, but as equity capital in the commercial balance sheet.
Asset Backed Securitisation
The securitisation of receivables is an attractive method of releasing liquidity that has been tied up in assets. Sell your sustainable portfolio of receivables (for example, trade receivables) to a special purpose company and diversify your funding base by issuing negotiable asset backed securities. As an additional benefit, securitisation will improve your balance sheet structure! WestLB specialises in the structuring and marketing of asset backed transactions and has many years of experience in various asset classes.
Rating Advisory
For numerous borrowing alternatives, an external rating is a must as potential investors are often bound by strict guidelines which restrict unrated investments. Obtaining a rating means that you will be able to access also these investor groups. WestLB's rating advisory provides valuable support in the run-up to a possible rating application - together with you, we develop problem solutions even for complex rating issues.