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 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%