Borrowers flock for refis as IG prices tighten

Dutch borrowers Phillips and Heineken are both out in the market with self-arranged refinancing deals, looking to take advantage of the tightening prices on offer to investment grade corporates in the bank market.

  • 08 Mar 2011

Brewer Heineken International has until April next year to refinance a Eu2bn revolver that was arranged in 2005. The seven year line, which carries a margin of 15bp, was agreed with a syndicate of 17 banks, co-ordinated by Barclays Capital.

Last year, consumer electronics group Philips signed a ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%