Sale of Fortum power grid could generate a second Finnish WBS

A second Finnish utility whole business securitization could result from the sale, announced on Thursday, of Fortum’s Finnish electricity distribution business.

  • By Jon Hay
  • 13 Dec 2013

Finland’s leading power company is selling the business for €2.55bn to a consortium of infrastructure investors, led by Borealis and First State.

The business, to be called Suomi Power Networks, comprises 79,000km of cable networks, serving 640,000 customers, with about a 20% market share in Finnish local electricity ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%