15 May 2003

The syndication of the Eu800m five year revolver for UPM-Kymmene closed oversubscribed yesterday (Thursday) with around Eu1.4bn of commitments raised from the market.
The deal is priced at 42.5bp and offers utilisation fees of 5bp if more than 50% is drawn and 7.5bp if more than 75% is drawn. The undrawn cost is ...

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