IG refis may not slow over break as borrowers grab opportunities
As investment grade loan bankers begin to wrap up the pre-summer spate of refinancings, they face the prospect of continued dealflow over the coming few weeks as borrowers try to take advantage of strong issuance conditions.
With a number of deals lined up for after the holiday break — such as an expected refinancing of a €2bn revolver from German food retailer REWE — some bankers expect several borrowers to get ahead of the market and release their refinancings in August.
“Everything that needed to
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