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Europe Deal of the Year 2011
19 April 2012
AWAS
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Deals of the Year
2011
Dramatically reducing the cost of your debt at a time when funding costs are increasing is an accomplishment. This is precisely what Awas achieved in June 2011.
"We were aware of the market becoming more efficient and have the culture to act," says Frederic Mireur, head of corporate treasury, Awas.
Just as spreads were widening because of market volatility amid concerns about the European debt crisis, the Dublin lessor convinced investors to take a haircut.
The company was able to choose when it wanted to reprice the loan one year after closing the original deal....
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