Retail demand still alive as Nokia Siemens increases to Eu2bn
Nokia Siemens Networks, the telecoms infrastructure company, signed its first syndicated loan at Eu2bn today, taking a Eu500m increase. Bankers were especially encouraged by the amount raised during the retail phase of syndication, when twelve banks committed about Eu900m.
Going out to general syndication has been a painful process recently, said one official close to the deal. There was just no appetite among banks. But NSN did really well. To have raised that much in junior syndication should be welcomed by the whole market.
Nine banks Bank
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