Essar $1.25bn hits market with soft launch

Indian privately-owned Essar Steel has launched its $1.25bn fundraising into limited syndication, as it aims to dollarise the rupee loans on its balance sheet.

  • By Rashmi Kumar
  • 16 Dec 2013

The deal is led by bookrunners and mandated lead arrangers Axis Bank, Credit Suisse, ICICI Bank and SBI Capital Markets, and is backed by guarantees from 11 Indian banks, each providing support to a different tranche, said a banker on the trade.

This means that investors that ...

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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%