Race on to finish Siemens LBO loan by next month

A bank syndicate backing the buyout of Siemens’ hearing aid business, one of the most eagerly-awaited deals in Europe, is set to be put in place by February 22, bankers said this week.

  • 15 Jan 2010
The facility, which could exceed Eu1bn, is the biggest in Europe’s pipeline. Siemens wants the sale agreed by the end of next month. "They want banks to commit by the 22nd, so lenders will have to get going," said one loans banker in London. "A lot are looking ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 50,788.13 152 5.52%