Novatek hits rich reserves for club loan

Russian gas firm Novatek has signed its loan at $1.5bn — $500m more than the launch amount, as emerging market lenders continue to pile into deals to try to make up for the low volumes available.

  • By Michael Turner
  • 18 Jun 2013

Novatek arranged the club deal itself, while Barclays co-ordinated the banking group. Bank of America, Bank of Tokyo-Mitsubishi, Crédit Agricole, Mizuho, Nordea, RBI, Royal Bank of Scotland, Sumitomo Mitsui Banking Corp, Société Générale and Rosbank joined the deal.

The loan, which signed late last week, has a five year tenor. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%