SAP, Schneider stand out in sleepy August
Germany’s SAP, which came out to market this week with a Eu1bn refinancing, and France’s Schneider Electric, which is talking to banks about a Eu2bn facility split between three and five year money, are among the very few names keeping bankers busy now that deal flows are fizzling out for August. Lenders are instead focusing on mandates for refinancings coming up in September, but the prospect of new money deals and M&A-related transactions is still a far-off one. Read EuroWeek on Friday for the latest in the western European loan market.
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