Refinance or repent, banks warn borrowers
Bankers in the loan markets expect a high number of companies to refinance facilities early over the coming months, despite the lowest number of deals in more than a decade being completed in the market since the start of the year.
Only 218 deals have been signed in EMEA during the first three months of 2010, the lowest quarterly count since 1997, said data provider Dealogic earlier this week, while the volume of deals in Europe fell 22% from the previous quarter to $138bn.
"We always expected the first quarter
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