The iron team examines developments in the German SME bond market on a semi-annual basis and surveys issuing houses about their forecasts for future market developments.
Analysis of the SME bond market in 2025
Stable despite difficult conditions – professional support is the key to success
27 issues with a volume of EUR 1.00 billion were successfully placed, while coupons fell to an average of 7.34% p.a.
Read more in our study:
- What factors determine the success of an issue?
- How banks assess the market in 2026
- Why IR quality is becoming a competitive advantage
Download now for free:
SME BONDS 2025 STUDY (PDF - German only)
The corresponding press release can be found under Insights.
Analysis of the full year 2024 & outlook for 2025
The complete study is available free of charge here:
SME BONDS 2024 STUDY AND OUTLOOK FOR 2025 (PDF)
The corresponding press release can be found under Insights.
Sustainable SME bonds
An analysis from June 2024 takes a closer look at terminology, standards, and ratings for sustainable bonds. The most important findings can be found in the expert article"Sustainable bonds: classification, market development, and orientation".
SME Bond Conference | iron x AIRTIME
iron not only observes the German SME bond market, we actively help shape it. With the SME Bond Conference, which we organize together with AIRTIME every six months, we create a high-quality format for direct dialogue between issuers and institutional investors. 20 minutes presentation, 10 minutes live Q&A, more than 220 institutional bond investors on the platform - professionally moderated, without roadshow effort.
Selected references
Are you considering issuing a bond?
We guide your transaction to success—from strategic preparation and support during placement to ongoing investor relations. With experience from around 50 successfully supported SME bond issues, we create transaction security, optimized capital costs, and sustainable access to the capital market.