Pipeline grumbles get louder as bankers hanker for supply
The launch of a stream of refinancings for some of Europe’s biggest borrowers this month has done little to quell grumbles about the absence of substantial new money opportunities in the loan market for the rest of the year. But while the deal pipeline remains thin, every facility to launch has found exceptionally good demand — so much so that worries about the market overheating are beginning to surface.
Its a very different market now than it was even two months ago, said one banker at a US loan house on Monday. There is definitely more liquidity, and pricing is also moving downward.
Part of this is that banks have a bit more firepower, and it could also
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