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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
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5 Credit Suisse 16,754.47 44 5.28%