Premium pays off as Enel overwhelmed in syndication, increases new deal to €3.2bn

Italian electricity producer Enel has completed its new syndicated credit facility, with the pricing premium offered bringing lenders flocking to the deal.

  • 24 Feb 2012

The facility, which is priced at 350bp over Euribor all-in based on a margin of 300bp, has been increased from a mooted €2bn to €3.2bn after demand overwhelmed the syndication.

"This is a very strong company, and it’s well priced and well structured," said a senior loans banker. ...

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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%