The sale of EUR 9.3 billion of debt to finance Egyptian entrepreneur Naguib Sawiris's EUR 12.1 billion buy-out of Wind, is encountering difficulties. Potential investors are being tempted with sweeteners and large positions remaining with the underwriting banks. The unprecedented size of the debt package is being closely watched by bankers seeking to judge the climate in Europe's loan market, where until recently deals worth EUR 3 billion were considered large, the Financial Times reported.
