Castor’s €1.4bn arrives, inaugurating EIB project bond facility

After a tense couple of days, the sponsors of the Castor gas storage project in Spain, and their seven bookrunners, have launched today the €1.4bn bond that will refinance the nearly completed facility.

  • By Jon Hay
  • 25 Jul 2013
The 31 year amortising bond, with an average life of 12 years, is rated BBB/BBB+. Those ratings depend partly on a €200m subordinated liquidity facility provided by the European Investment Bank. If all goes well this will never be drawn, but the project can draw funds to cover ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Aug 2017
1 Citi 73,217.70 205 13.50%
2 Bank of America Merrill Lynch 64,298.92 202 11.86%
3 Wells Fargo Securities 54,013.21 172 9.96%
4 JPMorgan 40,335.50 139 7.44%
5 Credit Suisse 30,239.23 97 5.58%