Voters deny that European loan market is underpriced
The majority of bankers think that capacity in the loan market is now more problematic for arrangers than pricing, according to EuroWeek’s latest loans poll. Only 35% of voters think that the market is still underpriced, while 52% stated that capacity was more of an issue that pricing.
The results suggest that most bankers think Europes loan market has repriced itself adequately in the wake of Lehman Brothers bankruptcy. Bankers are now worrying more about balance sheet constraints and 2009 budgets than about margins and fees.
Bankers have been speculating recently about whether pricing has peaked. Many
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