Unrated French firms eye MTNs to spread funding
Unrated French companies are interested in selling private placement MTNs to diversify their funding sources, as bank loans are expected to become harder to obtain, medium term note dealers have said.
Debut deals for Bolloré and Rallye in the past fortnight are typical of the new landscape. Even companies that face no difficulty borrowing from banks want to reposition their funding before new capital ratio rules under Basel III start to bite, said dealers.
"A lot of issuers, while not
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.