Siemens eyes 35bp as pricing plateaus in loan market
Despite widespread predictions of a steady increase in margins this year, the investment grade loan market is stubbornly resisting calls to price deals higher.
Pricing at the top end of the market remains stuck at levels set in the final months of 2011, with German engineering firm Siemens (A1/A+/A+) talking to its lenders about a facility priced at just 35bp."It seems that pricing for strong investment grade credit with a sizeable ancillary
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