L&T opens up $370m deal in general

Indian conglomerate Larsen & Toubro launched its $370m five year amortising loan into general syndication on September 9, pricing the deal at 125bp over dollar Libor.

  • By Rashmi Kumar
  • 09 Sep 2013

Australia and New Zealand Bank, Bank of Tokyo Mitsubishi-UFJ, HSBC, Mizuho Bank, Royal Bank of Scotland and Sumitomo Mitsui Banking Corp are the bookrunners, and are offering lenders two levels to join.

Lead arrangers committing $25m and above earn an all-in of 154bp, while co-arrangers chipping in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%