Flinty Russians squeeze lenders with cuts on 2010 margins

Two Russian borrowers are cutting pricing on existing loans, in what is a sign of their increasing clout over lenders. The moves also reflect the fee compression seen in Russian deals in the second half of 2010.

  • 14 Jan 2011
Gazprom-Neft is reducing pricing on its July 2010 $1.5bn five year pre-export financing loan from 210bp to 160bp. Fellow Russian oil firm Tatneft is cutting pricing on the three and five year tranches of its $2bn loan by 70bp."We’re bringing the loan into line with market conditions," said ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
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%