M&A new money to ease refi pricing pressure

It has been one of the busiest starts to a year for M&A activity globally, and the loan market is gearing up for some potentially large trans-Atlantic facilities. The new money deal flow will come as a great relief to loans bankers worried by the increasingly competitive pricing on offer for refinancings at the end of last year, even as France Télécom looks to replace one of its outstanding loans at an aggressively low margin. Read EuroWeek this Friday to find out more.