Melco generates $500m demand, still wants more

Bankers on a $1.4bn loan for Melco Crown Entertainment are still eyeing more banks to join the deal before closing syndication next week. But they have already managed to line up $500m of commitments from 11 banks, bringing the financing of the Macau casino company’s latest project near to a successful close.

  • 11 Jan 2013

The company had already agreed a big chunk of the financing it needed to build its latest casino in Macau when it closed an $825m bond in November. It is now only about 10 days away from completing the last piece of the financing.

Australia and New Zealand Banking ...

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GlobalCapital European securitization league table

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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 %
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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%