RLPC-Schaeffler's Conti bid fully underwritten -sources

Newswire

By Alasdair Reilly LONDON, July 25 (Reuters) - A multi-billion euro loan backing ball-bearing maker Schaeffler's bid for part of Continental AG has been underwritten, banking sources told Reuters on Friday, countering talk the bid was not fully financed. The loan is expected to launch to senior syndication shortly, possibly as early as next week, the sources added. Arrangers Commerzbank, Dresdner Kleinwort, HVB, LBBW, Royal Bank of Scotland (co-ordinator) and UBS could time the launch ...

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