Banks will do anything for loans... but they won’t do that

While bank lenders are offering increasingly tight margins and flexible covenants for corporate borrowers in the European investment grade markets, there is still one area where they are steadfastly unwilling to compromise: seven year facilities remain off the menu.

  • 10 Mar 2011
Dutch consumer electrics group Philips, which was one of the first names to move down the maturity curve this time last year and arrange a five year deal, has been talking to banks about refinancing that facility. But its enquiries about seven-year funding were rebuffed and it had ...

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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 %
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1 Citi 82,367.33 238 12.89%
2 Bank of America Merrill Lynch 71,317.58 219 11.16%
3 Wells Fargo Securities 62,984.09 198 9.86%
4 JPMorgan 45,920.23 145 7.19%
5 Credit Suisse 37,235.50 114 5.83%