Maturing corporate bonds to outstrip loan refi needs

Investment grade corporate borrowers have more bond debt than loan facilities to refinance before the end of 2014, according to a new report by Moody’s. Of the $1tr of European corporate debt due to mature in the next four years, 63% consists of bond debt, leaving just 37% as bank debt.

  • 29 Oct 2010
While investment grade borrowers have $114bn and $119bn of loans to refinance in 2011 and 2012 respectively, their refinancing needs fall to $90bn and $59bn in 2013 and 2014. In contrast, the amount of bond maturities that will need to be refinanced increase annually to $206bn in 2014, ...

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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 %
  • Last updated
  • 27 Mar 2017
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%