WESTERN EUROPE

16 Jul 1998

Austria

Arrangers Creditanstalt, HSBC and UBS have closed general syndication of the Asch7.5bn Connect Austria mobile telecoms project. The financing was 20% oversubscribed, demonstrating the strong appetite for telecoms related debt in the Euroloan markets.

Pricing starts at 95bp over Libor before ratcheting down ...

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