Corporate loans bankers have been thrilled to see a debut syndicated facility from Deutsche Post DHL out in the market, after a dearth of new money deals have left lenders hungry for paper. Plans for the deal were first reported in EuroWeek in October.
“It’s exciting to see a new deal, and hearts are really racing because this is an interesting name,” said a loans banker. “This really is a no-brainer for those banks invited.”
The Baa2/BBB+ rated company has mandated Citi, Commerzbank, Deutsche Bank and HSBC on the deal, which is only