ONGC lines up SMBC for loan as competition heats up

Indian state-owned company Oil and Natural Gas Corp is set to hire Sumitomo Mitsui Banking Corp to lead a $200m to $300m loan after the bank pitched a pricing level that rivals said fell well below proposals from its competitors.

  • 29 Oct 2009

The Japanese bank is believed to have won the mandate after offering a margin of around 145bp over Libor for a three year loan, while other banks submitted pricing proposals around 55bp higher at 200bp.

The low pricing that SMBC has offered has led some banks to assume ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%