Long tenors and low pricing put loans bankers on a high

29 Jan 2010

In stark contrast to January last year, the loan market is ending the first month of 2010 on a wave of optimism. Bankers have been cheered by signs of a steady flow of deals, lengthening tenors and tightening margins and are hopeful about the growing strength of the market.

"I’m very optimistic and I think the market is going well at the moment," said a loans banker in London. "Banks have got new budgets and they’re well placed to approach all the good credits that are coming to the market."

Bankers working on a Eu1.5bn five year refinancing ...

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