Czech mates: local banks step up for local names
Brimming domestic liquidity and international banks’ retrenchment could lead more companies to spurn the pan-European loans market after a large Czech conglomerate surprised banks by seeking a €1bn facility exclusively at home. Local lenders have already committed tickets of between €150m-€200m to the unnamed borrower’s partial refinancing, bankers reported.
"I thought it wasnt possible, but they are getting there. Its amazing," said one senior banker. "My colleagues and I shared the view that you could maybe get a maximum of 500m from local markets."
"It would still be quite big if it were to be an international syndicated
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