Lenders reconsider Finansbank on secondary trading worries

At least one mandated lead arranger from Finansbank’s November 2011 loan has opted not to lend to the bank again for this year’s deal, as poor projected secondary market prices and the impact on risk weighted assets prove too big an obstacle.

  • 23 Nov 2012

Turkey’s Finansbank is refinancing a $439m-equivalent loan due on November 29. Mandated lead arranger tickets are $50m and the loan is priced at 135bp all-in. Commitments could continue coming in right up to the signing day, said one banker.

Bank of New York Mellon, Citi, Commerzbank, Credit Suisse, ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
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5 Credit Suisse 16,754.47 44 5.28%