Steag finds German bank support

A consortium of seven German municipal utility companies has secured debt financing to acquire 51% of energy producer Steag.

  • 21 Dec 2010

BayernLB, Commerzbank, IKB, NordLB and WestLB are bookrunners for the transaction, and will launch syndication to German and international banks in the first quarter of 2011.

The debt is worth more than 70% of the purchase price of Eu649m, which puts the amount close to Eu500m. The deal includes ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%