Reverse flex on £1.8bn Nippon Sheet is IG market's third ever

  • 21 Apr 2006

Sumitomo Mitsui Banking Corp and UBS have reverse flexed the pricing on the £1.82bn loan for Nippon Sheet Glass from 125bp over Libor to 100bp — only the third time this has been done in the European investment grade loan market.

One banker suggested this week that the shift ...

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