Koruna commitments pour in for PPF's acquisition facility

Czech investment firm PPF has quashed concerns that lenders' appetite for lending in Czech koruna might not be sufficient for its €2.3bn-equivalent loan by receiving commitments mostly in the Czech currency.

  • By Michael Turner
  • 12 Dec 2013

PPF will use the financing to buy a 65.9% stake in Telefónica Czech Republic from Telefónica.

"The loan is predominantly in koruna," said a senior loans banker. "Local banks are liquid and international banks have the currency to lend."

There will still be a euro tranche, as some banks, particularly ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%