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 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
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%