BES Eu2.7bn loan sale unable to halt rise in pricing in secondary market
Portugal’s Banco Espírito Santo is selling Eu2.7bn of project finance and leveraged loans as it attempts to deleverage its balance sheet. However, traders warned that the bank may struggle to find buyers for the loans despite bid prices continuing to rise in the secondary market.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts