Commodities traders line up for refis as ED&F Man roars ahead

Commodities firms are lining up to tap the syndicated loan market in the first half of the year. A refinancing from the UK’s ED&F Man, launched at the beginning of the year, has already attracted commitments from lenders.

  • 18 Jan 2011

Stemcor, Trafigura Beheer and Glencore are all set to refinance outstanding facilities that are due to mature soon.

“ED&F Man is the first of the commodity companies to come to market, but they’re all in a long line waiting to follow,” said a banker close to the deal. “But ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

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1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%