Fresh pricing blow for banks as Siemens announces refi

  • 25 Feb 2005

Bankers' morale took a further battering this week as German telecoms equipment provider Siemens announced tight pricing on its latest refinancing.

The $5bn deal will pay a margin of just 15bp over Euribor for straight seven year risk with a commitment fee of 4.5bp — ...

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2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,885.89 127 5.55%