Lenders reconsider Finansbank on secondary trading worries
At least one mandated lead arranger from Finansbank’s November 2011 loan has opted not to lend to the bank again for this year’s deal, as poor projected secondary market prices and the impact on risk weighted assets prove too big an obstacle.
Turkeys Finansbank is refinancing a $439m-equivalent loan due on November 29. Mandated lead arranger tickets are $50m and the loan is priced at 135bp all-in. Commitments could continue coming in right up to the signing day, said one banker.
Bank of New York Mellon, Citi, Commerzbank, Credit Suisse,
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