Otto Group completes another successful transaction on the Schuldschein market
Hamburg, 4 August 2026
- Initially targeted marketing volume more than tripled due to strong investor interest
- Schuldschein loans established as an integral part of the long-term financing strategy
- Investor base successfully further diversified
Otto GmbH & Co. KGaA has issued Schuldschein loans with maturities of three, five and seven years through a transaction on the capital market. The total volume of the current Schuldschein transaction amounts to EUR 325 million. This is the third time since its debut transaction in 2022 that the Otto Group has successfully placed a broadly marketed Schuldschein transaction.
The final volume significantly exceeded the initially targeted marketing volume of EUR 100 million. More than 30 national and international investors, primarily domestic and foreign commercial banks, cooperative banks and savings banks, subscribed the offered tranches. All tranches were priced and placed at the lower end of the pricing range. The majority of the volume was concentrated on the five-year maturity. The proceeds from the transaction will be used to finance general corporate purposes.
"The strong investor interest very impressively confirms the positive and consistent development of the Otto Group in recent years, as well as the high level of confidence that our corporate group enjoys on the capital market. We deliberately opted for another Schuldschein transaction in order to proactively manage our maturity profile
from a position of strength," says Katy Roewer, Chief Financial Officer of the Otto Group.
The current transaction has proven to be stable and attractively priced, making it a great success in a still volatile capital market environment. With this third Schuldschein transaction after 2022 and 2025, the Schuldschein loan as a debt capital instrument is an integral part of the Otto Group's financing strategy and once again diversifies its investor base. In total, the Otto Group was able to place nearly EUR 1 billion on the Schuldschein market across these three transactions.
The placement of the transaction was supported by BNP PARIBAS, DZ BANK AG, ING and LBBW as arrangers. Dentons Europe (Germany) GmbH & Co. KG acted as legal advisor to the Otto Group.
More information
Media Contact
Martin Zander
+49 40 6461 2820
martin.zander@ottogroup.com
Creditor Relations
creditor-relations@ottogroup.com
About Otto Group
With a strong heritage as a family business and firmly rooted values, the Otto Group is looking to the future with confidence. Over the past 75 and more years, the company has developed from a catalog-based mail order company into an international digital retail and services group with well over 30,000 employees and a large number of key companies, brands and holdings in over thirty countries, primarily in Germany, the rest of Europe and North America. In the 2025/26 financial year (28 February), the Otto Group generated revenues of 13.8 billion euros. As the largest online retailer of European origin, it is shaping the digital retail and digital services of the future by drawing on its strength, market significance and values. Driven by a passionate and entrepreneurial performance culture, the Group is exploiting its vast market expertise and technological competence to inspire its many millions of customers with high-quality products, unique choice of goods and an array of services. The Otto Group is proof that a value-oriented approach and business success can go hand in hand. Environmental protection has been another corporate objective since 1986. It takes its ecological, social and digital responsibility seriously – and will continue to do so.