Lenders warm to forward starts as Westfield reaches $1bn

Australian retail property group Westfield has attracted commitments worth over $1bn for its forward start facility after only two weeks in the market, showing the region’s acceptance of the new product.

  • 08 Jul 2009

Westfield is looking to refinance and extend part of a $4.685bn loan signed in June 2007 and is only $250m shy of its $1.25bn target. The forward start, or FSF, is only the second deal of its kind in the Asian market.

"Some existing lenders have asked to upsize ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@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 Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
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%