HSBC's Spray Says Window Open for Pre-Holiday Leveraged Deals in Europe

HSBC has told leveraged issuers who are ready to raise debt that “the next 10 days represent an attractive window to get deals done,” according to Tim Spray, the bank’s head of EMEA loan syndications, in an interview on July 18.

The primary market has “improved considerably” since last month’s Brexit vote and there is more than 3 billion euros of leveraged debt in the near-term pipeline, Spray said.