EDF looks to close jumbo loan

EDF’s £11bn loan, the only European jumbo deal to have been launched since Lehman Brothers’ bankruptcy, is progressing slowly but bankers close to the facility, which backs the takeover of British Energy, insist commitments have come in and that more are expected soon. A failed syndication would bode ill for borrowers wanting to obtain jumbo acquisition loans given that EDF is offering lenders very attractive terms for a double-A credit.