Bankers push for refinancing as tapering looms
The latest spurt in refinancings has prompted some loans bankers to redouble their efforts to persuade borrowers to tap the market now, amid rising fears of a liquidity crunch in the next quarter as US quantitative easing starts to taper.
Bankers are using Australian company Origin Energy’s jumbo A$7.4bn ($6.68bn) loan, launched into senior, as a case in point (see above for more details).
“It is a good time to refinance,” said a senior loans banker. “And if you’re a corporate, you need to capitalise on the
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