Euroweek.com - EDF bows to pressure, takes Libor alternative on £11bn jumbo loan

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EDF bows to pressure, takes Libor alternative on £11bn jumbo loan

Issue: 1075 - 10 October 2008

EDF, the French nuclear energy group, has become the first big western European borrower in the market crisis to launch a syndicated loan using a reference rate rather than screen-based Libor, something which could herald a dramatic change for borrowers. ..

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