Gunvor signs $1bn loan in oil company’s first Asian foray

Swiss oil trader Gunvor has signed a $1.03bn facility, increasing the transaction from $750m after it was heavily oversubscribed. The 364 day revolver is split into a $785m tranche aimed at European lenders through Gunvor International and a $245m line for Asian investors available to Gunvor Singapore and guaranteed by Gunvor International. The deal marks Gunvor’s first foray into the Asian market.

  • 25 Jun 2010
"For their first entry in the Singapore market, $245m is a good level and they will hope to build it up," said a banker involved in the deal. "Along with all the Asian marketers in the lending group, most of the mandated lead arrangers and bookrunners also did ...

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%