...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 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%