BNPP, Crédit Agricole and ING back Eu3bn BASF bridge loan

BNP Paribas, Crédit Agricole and ING have provided BASF, the German chemicals group, with a Eu3bn one year bridge loan to back its Eu3.1bn takeover of rival Cognis.

  • 02 Jul 2010

The bridge is thought to be a backstop for commercial paper issuance. But bankers close to the facility have not said if it will be sold down in the loan market.

BASF announced the takeover last week. It is buying Cognis for an equity purchase price of Eu700m from ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%