DHL Deutsche Post debut sets hearts racing

18 Nov 2010

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 ...

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