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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%