Unrated French firms eye MTNs to spread funding

Unrated French companies are interested in selling private placement MTNs to diversify their funding sources, as bank loans are expected to become harder to obtain, medium term note dealers have said.

  • 19 Oct 2012

Debut deals for Bolloré and Rallye in the past fortnight are typical of the new landscape. Even companies that face no difficulty borrowing from banks want to reposition their funding before new capital ratio rules under Basel III start to bite, said dealers.

"A lot of issuers, while not ...

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