Market hungry for Ukraine’s Kernel PXF

Ukrainian agricultural group Kernel signed a pre-export financing for over $260m on Wednesday, extended from the original RFP figure of $230m after the offering proved popular in general syndication.

  • 13 Aug 2010

The deal was led by ING and UniCredit as co-ordinating lead arrangers and is split into two portions. The export-related tranche pays a margin of 475bp while the local-related portion pays 600bp.

The margin for the export-related tranche is less than the 550bp paid by mining company Metinvest, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%