Philips’ refi shows fashion for tightening prices continues
The trend in 2009 for ever-tightening prices for investment grade syndicated loans seems likely to continue in 2010, as Philips today launches a five year refinancing with a 75bp margin. The Dutch consumer electronics producer, rated A3/A-, has mandated Royal Bank of Scotland to coordinate the deal. To find out more about this deal and others this week, read EuroWeek this Friday.
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