The syndicate of banks which lent to the buyout of UK retailer Alliance Boots are meeting to discuss the sale of about ã650m (â¬820m) of senior debt relating to the transaction today, according to two debt market sources.
German bank Deutsche Bank, JPMorgan and three fellow banks Citigroup, Bank of America, and Merrill Lynch are looking to sell this tranche at 92% to face value, after syndicating under £2.4bn of senior debt and £650m of second lien in May. Deutsche confirmed it was selling the remaining £650m.
