EDF bows to pressure, takes Libor alternative on £11bn jumbo loan

EDF, the French nuclear energy group, has become the first big western European borrower in the market crisis to launch a syndicated loan using a reference rate rather than screen-based Libor, something which could herald a dramatic change for borrowers.

  • 10 Oct 2008
Loans bankers have speculated in the last month about an increase in market disruption clauses to counter lenders’ soaring funding costs. Many have advocated a move away from screen-based Libor, which they say does not reflect lenders’ actual costs of funding.

Sources have said that a small number of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

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

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 %
  • Last updated
  • 24 Jul 2017
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%