RESTRUCTURING

摘要

Debt backing Spanish steel producer CE:SA has fallen in Europe's secondary loan market over the last six months, according to LPC data, as the European steel sector struggles with weak demand and the high cost of raw materials. A €800m term loan A was trading at an average of 91.3% of face value on the secondary loan market on May 29, down from a high of 99% on January 9, while its €100m term loan B was trading at 75.1% of face value, down from 80.6% in January.