Linde slashes margins on refi
German gas company Linde has become the latest in a spate of companies taking advantage of improved market conditions to refinance a forward start facility priced last year. The Baa1/A-rated company’s Eu2.25bn self-led facility will be priced to a ratings grid around 65bp, far tighter than the 200bp paid for the FSF last June, and a level that that has upset some bankers. To find out more about this deal and what else is on in the market this week, read EuroWeek on Friday.
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