A four year refinancing deal for building firm and infrastructure operator Ferrovial was heavily oversubscribed despite the borrower’s connection to Spain, as lenders were tempted by the ancillary business on offer by the company.
“There is still plenty of sensitivity to Spanish names, but this has a huge wallet,” said a banker close to the deal. “This was a resounding success, with 30 lenders involved. There were some very big tickets involved.”
The book for the Eu1.305bn facility deal rose to Eu3.5bn. The