Linde’s ‘aggressive’ 65bp unlikely to stunt refi

Bankers complained about the skimpy pricing after Linde launched a Eu2.25bn five year facility on Wednesday, but said that the German gas company’s relationship pull would allow it to become the latest in a spate of firms taking advantage of improved market conditions to refinance a forward start before it has kicked in.

  • 21 Apr 2010
“The pricing on this deal is really rather thin, it’s an aggressive level,” said one loans banker. “But you have to judge by how well the forward start went last year: it was abysmally priced but still lots of lenders piled in. Linde just has such a wide ...

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GlobalCapital European securitization league table

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2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

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4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%