Interest rate floors back for upcoming Mivisa and Takko LBOs

Syndication is imminent for the Mivisa and Takko LBOs, with both deals making use of a Euribor floor — understood to be 150bp — to help the process.

  • 14 Jan 2011

One banker familiar with the Eu850m Takko loans said that the floor was a bonus for investors. But he did not see it as essential for a successful syndication.

Mivisa and Takko are following the example of deals like RBS WorldPay, which included a Libor floor in the blow-out ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%