Dell's US$10bn loans test market

摘要

The first US$10bn chunk of pro rata loans in a US$45bn financing package backing computer giant dell's purchase of data storage products maker EMC Corp is testing banks' appetite for funded US dollar assets before tapping the institutional loan and high-yield bond markets. Sinking oil prices, an equity sell-off and increased dollar funding costs, which are making it more expensive for some banks to lend, could make Dell's pro rata loans a tougher than expected sale for what will become the world's largest privately held technology company.