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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%