Banks retreat from lending? Not in German leveraged finance
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Banks retreat from lending? Not in German leveraged finance

German banks are making life sweet for German speculative-grade companies. The competitive domestic lending market allows many issuers to achieve attractive pricing without needing the institutional loan or high yield bond markets. But even for larger, more international deals, pricing for German issuers is very fine, supported by a strong domestic bid, writes Stefanie Linhardt.

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