Iberdrola refis early with new Eu3bn line

Spain’s Iberdrola launched a Eu3bn deal on Thursday morning, refinancing a facility signed last summer to take advantage of the tighter margins now on offer. But bankers said that other credits that resisted the temptation to come to the market in 2010 for early refinancing of loans maturing in 2012 might have chosen the wiser strategy.

  • 20 May 2011

BBVA, BNP Paribas, HSBC and Santander have been mandated to lead the new facility for Iberdrola. The firm, rated A3/A-/A- and Spain’s largest utility, paid 75bp for its five year self-arranged new money facility last summer, and is now looking to replace the Eu2.15bn line.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%