Ojer Telekom’s second lien deal blows out

Despite a mid-deal reverse flex on the margin from 560bp to 535bp, Turkish telecoms company Ojer Telekom’s $1.35bn second lien five year loan has been twice oversubscribed, according to a banker close to the deal.

  • 16 Mar 2011

The financing is split between a $1bn term loan and a $350m revolving credit facility.

Akbank, Citi, Deutsche, Garanti Bankasi and RBS are leading it. The loan will be used to pay a shareholder dividend.

The chunky margin enticed six other banks to participate in the transaction which will ...

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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

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Rank Lead Manager Amount $m No of issues Share %
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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%