Nestlé set to close as relationships pull brings success
Nestlé is set to close a 364 day rollover facility this week, the tightest deal of the year which was launched with a margin of just 12.5bp. Although some banks were initially wary about the tight pricing, the pull of Nestlé as a core client to many houses meant that momentum for the deal soon built, and the company is expected to be able to refinance its Eu4.75bn facility in full. To find out all the details of the loan, and how the market reacted, read EuroWeek this Friday.
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