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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%