South Korea’s Oriental Brewery will not pay enough to entice international banks into a refinancing of its $913m loan, and most of the deal will end up being covered by Korean lenders, said loans bankers in Hong Kong.
Bankers think the all-in level on the refinancing will be around 300bp, and liquidity from Korean banks will make it difficult for international banks to compete at this price. "It wont attract interest from international banks," said a leveraged loan banker in Hong Kong. "Theyll be taken out
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