Royal Mail draws UK lenders with IPO loan

A £1.4bn loan backing the privatisation of Royal Mail is pulling in strong support from UK lenders. The new facilities have been launched to syndication before a £2bn-£3bn IPO this year.

  • By Nina Flitman
  • 13 Jun 2013


Although market participants across the EMEA region believe that the transaction will be well covered, bankers working on the facility and away from it expect it to be a very UK-dominated transaction — unsurprising, given that all the borrower’s ancillary business is likely to be domestic. 

“This will ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%