France Télécom scales back again as banks grapple for investment grade

Bank lenders participating in the Eu6bn refinancing for France Télécom have had their commitments scaled back for a second time after the deal was oversubscribed.

  • 20 Jan 2011

France Télécom reduced the tickets on offer on the five year self-arranged deal from Eu400m to Eu350m after strong demand for its request for proposals, but banks have now been scaled back further. The deal, which offered an aggressive margin of 40bp, is now in the documentation process.

“France ...

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