German auto firm sells loan to hedge funds-source


LONDON, April 29 (Reuters) - German automotive firm Schefenacker sold a 155 million euro ($200.3 million) loan to hedge fund investors on Friday, the latest in a growing trend in the financing of high-risk Germany debt, one of the funds told Reuters. The company's arranging bank, Citigroup , had intended to sell the loan to German banks but found a lack of interest and had to fall back on hedge fund investors, the fund source said. Analysts say tougher German and European banking ...

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