Loan market rages as seven year deal launches
A seven year deal from Teliasonera is ruffling feathers across the European loan market as bankers worry that the longer dated deal is pushing the market too far, too fast. The Swedish telecoms firm is self-arranging the Eu1bn offer alongside Bank of America Merrill Lynch, BNP Paribas, Citi, Danske, Nordea and Svenska Handelsbanken. Although discussing the loan since July, Teliasonera only launched last Thursday after facing pushback from banks over the tenor. To find out more, read EuroWeek this Friday.
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