Banque PSA squeezes into 2009

20 Nov 2009

A Eu1.3bn revolver for Banque PSA Finance launched on Monday is likely to be one of the last of the year from western Europe, say bankers.

BNP Paribas, Calyon, Commerzbank, HSBC, Intesa Sanpaolo, Natixis and Société Générale are leading the 3-1/2 year revolver. It is understood to have a 175bp margin.

"They’ve always been an aggressive borrower," said one banker away from the facility. "But they do have ancillary business."

It is likely to be one ...

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