All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
Syndicated LoansEmerging Market Loans

Investec opts for extension over refi as pandemic forces loan prices to balloon

Adobe_Investec_575x375_21April2020

South African bank Investec has chosen to extend the tenor of an existing loan instead of refinancing it, in an attempt to avoid paying the wider margins lenders are demanding as a result of the coronavirus pandemic.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree