BHP shows loan market is wide open for return of M&A deals

A glut of corporate borrowers could be tempted to bring acquisition deals to the European loan market in the next couple of months, having seen the success of recent acquisition facilities.

  • 03 Sep 2010

Bankers expect M&A activity to increase as borrowers take confidence from BHP Billiton’s $45bn facility backing its hostile bid for PotashCorp and a syndicated loan supporting Sanofi-Aventis’s offer for Genzyme.

"We’ve really gone from famine to feast for new money deals," said a loans banker. "The fact that ...

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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

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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%