Banks braced for tough debate on BMW loan
Banks are demanding more bang for their buck from corporate borrowers according to loans bankers. And the investment grade loan market is bracing itself for a tough pricing debate with German carmaker BMW over its $8bn refinancing.
"Banks are going to look at the BMW deal in the context of the entire relationship," said the banker. "The question everyone is asking is: What business will we lose if we dont do this?"
Rumours are swirling through the market that the deal could be re-denominated in euros
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