26 Jun 2003

BNP Paribas, Citigroup and Dresdner Kleinwort Wasserstein have launched syndication of tyre manufacturer Continental's  Eu1.5bn five year multi-currency revolving credit. A bank meeting will take place today (Friday) in Frankfurt.
Initially the margin will be 50bp and will be linked to a combined gearing and ratings grid. The facility pays a utilisation fee ...

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