Poland’s TPSA gives hope of eastern Europe corporate revival

TPSA, Poland’s biggest telecoms firm, has begun talks with banks about a refinancing deal, bringing some welcome activity to eastern Europe’s barren corporate loan market.

  • 19 Jul 2010

The company, rated A3/BBB+/BBB+ and half-owned by France Télécom, has a Z2.5bn ($780m) revolver due in February 2011, which the discussions are understood to be about replacing.

Bankers said that TPSA was likely to find plenty of support from its relationship banks, given it is one of eastern Europe’s ...

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