SAP banks could face scalebacks after deal is heavily oversusbcribed during syndication

A five year Eu1.5bn revolving credit facility for SAP, the German software firm, is likely to be oversubscribed after a successful syndication process. Although it has not yet been decided whether the borrower will increase the size of the credit line, bankers working on the facility say that scalebacks are likely.

  • 10 Dec 2010

"This deal has done extremely well," said a banker close to the deal. "Although commitments were due yesterday, we’re still waiting for a couple of accounts."

Commerzbank, Deutsche Bank, Royal Bank of Scotland and Société Générale are working as mandated lead arrangers and bookrunners on the deal. The new ...

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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

Bookrunners of Global Structured Finance

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%