Fees face the squeeze in ultra-competitive loans market

Euro in vice resized
By Richard Metcalf
11 Sep 2014

Intense competition in the syndicated loan market has brought pricing down to almost pre-crisis levels. But margins are not the only area open to negotiation: fees are increasingly under pressure, too.

This year, margins on syndicated loans have fallen as low as 20bp over Euribor for the best corporate credits, as monetary measures taken by the European Central Bank to stabilise the eurozone economy have tightened funding costs.

That is about 7bp tighter than at the beginning of the year, ...

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