Nordic banks rally to back Sweden’s Apoteket sale

Sweden’s government sold off parts of its Apoteket retail pharmacy monopoly for Skr5.9bn (Eu575m) this week in a series of deals that used the loan market for funding.

  • 13 Nov 2009

Kronans Droghandel Retail, which bought 171 pharmacies, obtained a Skr1.3bn facility to finance its Skr1.56bn acquisition. The loan, divided into a Skr1bn term loan and a Skr300m revolver, was provided by Handelsbanken, Nordea, Pohjola and Sampo Bank.

Kronans Droghandel Retail is 80% owned by Finnish drug company Oriola-KD, which ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%