Four banks line up for EDF’s £11.5bn loan for BE bid

FRENCH utility EDF has lined up four banks — BNP Paribas, HSBC, Royal Bank of Scotland and Société Générale — to arrange an £11.5bn syndicated loan backing its proposed takeover of British Energy, the nuclear power generator.

  • 13 Jun 2008
A source away from the deal, which is thought to comprise one, three and five year tranches, said that its five year pieces pay 70bp over Euribor.

"That pricing seems unbelievably good given the borrower’s [Aa1/AA-/AA-] rating," he said.

EDF’s five year credits default swaps were trading at about 53bp ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
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%