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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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
  • Today
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%