Euro PP lenders hold earliest notes ‘till bitter end’

Several of the earliest Euro private placements (PPs) will mature in the fourth quarter of 2018 and the first few quarters of 2019. But as the pricing for those notes looks very attractive to investors, the prospects of early refinancings are limited.

  • By Silas Brown
  • 13 Jun 2018

The Euro PP market was formed in France in 2012 and one of its big selling points over bank lending was an ability to offer longer tenors.

“The average maturity for the first year of Euro PP issuance was roughly seven years,” said a Euro PP banker in ...

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