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 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%