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Securitization - CLO/CDO

Commodities in demand as Mercuria upsizes

Mercuria Energy, a Singaporean subsidiary of the Swiss commodities trader, will increase a two tranche revolver to $500m after attracting commitments from 18 banks in syndication — highlighting the depth of appetite for this sector in Asia.

  • 08 Dec 2010

Mercuria had initially targeted $330m but will increase the loan after securing commitments from 18 banks — in addition to the six mandated lead arrangers — in excess of $500m.

“Asian banks have been really interested in the commodities houses this year,” said a banker away from the deal. ...

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CLO

IssuerArrangerSize ($M)
Fifth Street Management, Fifth Street Senior Loan Fund IWells Fargo309.45
Pinebridge Investments, Galaxy XIX CLOCiti509.90
Apollo Credit Management, ALM XIIMorgan Stanley786.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 Citi 3,955.63 13 10.90%
2 JPMorgan 3,622.67 11 9.98%
3 Barclays 3,053.33 10 8.41%
4 Deutsche Bank 2,204.97 7 6.07%
5 Wells Fargo Securities 2,099.86 9 5.78%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 Credit Agricole CIB 921.35 2 8.52%
2 Deutsche Bank 613.60 1 5.67%
2 Cantor Fitzgerald & Co 613.60 1 5.67%
4 Citi 540.88 1 5.00%
4 Barclays 540.88 1 5.00%