E.On reaps margin rewards with €5bn loan as early refi and MTU Aero takes €400m
A pair of German firms refinanced loans this week to take advantage of the reduced margins available. Power company E.On slashed 20bp from the margin it pays for five year loans by signing a €5bn early refinancing facility at 27.5bp over Euribor, while engine marker MTU Aero Engines signed a €400m facility.
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