Germany cashes in Paris Club debt

New Angles

The Federal Republic of Germany scored a major success in July when it brought out its hugely popular Aries Vermogensverwaltungs deal – a repackaging of Soviet-era Paris Club debt. The deal was initially marketed at a prospective e1.5 billion, but was in the end printed at e5 billion and was still healthily oversubscribed.

It is no secret that Germany is in dire need of fresh fiscal and funding ideas, and the Aries deal is at least a start. The deal raised some much-needed cash for the repub

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: