Underwriting makes a comeback as Olam launches loan

Olam International, the commodities firm that sold an aggressively-priced convertible bond last week, launched a rare fully underwritten $540m loan on Friday in the latest sign that confidence is returning to the Asian debt markets.

  • 08 Sep 2009

The $540m loan for Olam is underwritten equally by Bank of Baroda, BNP Paribas, Credit Suisse, DBS, HSBC, ING, JPMorgan, Natixis and Standard Chartered, with each lender bankrolling $60m.

This deal adds to the increasing number of fully underwritten deals appearing in Asia, a signal that the loan ...

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GlobalCapital European securitization league table

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1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%