...but margins on offer for IG loans shrink as Zurich Financial set to launch at only 30bp

Next month Zurich Financial Services will launch a five year transaction with a margin of 30bp, in line with pricing seen two months ago.

  • 30 Sep 2011

The Aa3/AA- rated insurer is looking to replace a $3bn facility due in September 2012, and its new transaction, which has two one year extension options, already has several banks willing to commit, despite the tight margin on offer.

"Unlike some of its other deals, there are utilisation ...

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GlobalCapital European securitization league table

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

Bookrunners of Global Structured Finance

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%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%