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Nestlé signs increased Eu5bn five year refinancing at 12.5bp

Swiss food firm Nestlé has signed a Eu5bn five year revolver, refinancing a 364 day facility arranged last year while maintaining the 12.5bp margin. The facility, a backstop for the firm’s global commercial paper programme, had been launched at Eu4bn but was increased after it was oversubscribed during syndication.

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