Equity & Debt Department
The Equity & Debt Division deals with issues relating to debt and equity capital, as well as internal corporate financing. Based on the needs of VDT members, the division’s team shares expertise, provides information on current market developments and represents the interests of VDT members in discussions with regulators and other market participants.
The core of the Equity & Debt team consists of treasurers with a wealth of experience in corporate finance, supplemented by the specialist knowledge of supporting members, who ensure that the team has constant access to relevant developments in the financial markets and in the regulatory landscape.
In our communications with members, we aim to provide added value by presenting topics – which are otherwise often viewed in a one-dimensional way – from the treasurer’s perspective in a comprehensive manner.
Member of the Executive Committee
Andreas Sowa
Regulatory requirements will continue to have a growing influence on a company’s financing. We aim to keep our members informed at an early stage about relevant developments and to highlight possible courses of action. The initial focus will be on ESG and the capital adequacy requirements for loans.
From 1 November 2016 to 27 October 2022, Andreas Sowa was a member of the Executive Board of VDT e.V., where he was responsible for the Equity & Debt division. Since 27 October 2022, he has continued to head the department as a member of the Executive Committee.
Our topics
| Debt capital markets | Equity markets | Internal financing |
|---|---|---|
|
Creditor Relationship Management
Debt capital markets Money market instruments Promissory note / Private placement Bonds Senior / Subordinated With / Without a rating Mezzanine / Hybrid Convertible bonds / bonds with warrants Securitisations Private debt
Bank loans Bilateral (local / central) Syndicated Development loans Trade finance (New: including guarantee facilities)
Alternative financing options
Supply Chain Financing*
Ratings Bonds Structured finance Green Ratings (* in collaboration with the Cash & Liquidity department) |
Public Shares
Private Private equity Mezzanine Silent partnership |
Group loans* Transfer price
Capital measures |
Our working groups
ESG
The Equity & Debt department works closely with the other VDT departments on treasury-related aspects of ESG.
Supply Chain Financing
As part of the process of transposing the Basel IV requirements into EU law, unsecured credit facilities are likely to become more expensive. We would therefore like to provide information on alternatives such as asset-based lending and reverse factoring.
Capital market financing
When should a company consider obtaining a credit rating? What pitfalls can arise from covenants, and must LMA standards always be followed?
Funding
When is it worth a business considering the use of subsidised loans or grants? We would like to provide some information on this.
Best practice guidance
We are currently drawing up best-practice guidelines on a range of financing issues.
Members
| Surname | First name | Company |
|---|---|---|
| Baldus | Benedict | Winkelmann Group Beteiligungs SE |
| Büdenbender | Prof. Dr Martin | Fachhochschule Aachen |
| Hallway | Steffen | |
| Turner | Oliver | Dentons Europe LLP |
| Haitz | Jochen | HSBC Deutschland |
| Herling | Grit | Jungheinrich AG |
| Jaeger | Tobias | TK Elevator GmbH |
| Kuhn | Paul | BayernLB |
| Neugärtner | Hajo | Nordex SE |
| Nordhoff | Andreas | Schüco International KG |
| Rapp | Ulrich | OBI GmbH |
| Schumm | Peggy | DUSSMANN Stiftung & Co. KGaA |
| Stegert | Anna | Röhlig Logistics GmbH & Co. KG |
| Süffert | Uta | Flughafen Berlin-Brandenburg GmbH |
| Thesing | Charlotte | Henkel AG & Co. KGaA |
| Waerder | Aaron | Open Grid Europe GmbH |