VEB in final stages as banks hail ‘generous’ pricing

Russia’s Vnesheconombank is close to obtaining a syndicated loan that could total as much as $1bn, after it sent banks final pricing terms on Monday for a three year deal.

  • 17 Nov 2009
The state-owned development bank, rated Baa1/BBB/BBB, the same as the sovereign, has asked its relationship lenders to commit between $75m and $25m. It has offered a margin of slightly under 400bp. “That’s generous,” said a loans banker close to the facility, which Barclays Capital is coordinating. “It’s the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%