Retail demand still alive as Nokia Siemens increases to Eu2bn

Nokia Siemens Networks, the telecoms infrastructure company, signed its first syndicated loan at Eu2bn today, taking a Eu500m increase. Bankers were especially encouraged by the amount raised during the retail phase of syndication, when twelve banks committed about Eu900m.

  • 24 Jun 2009

“Going out to general syndication has been a painful process recently,” said one official close to the deal. “There was just no appetite among banks. But NSN did really well. To have raised that much in junior syndication should be welcomed by the whole market.”

Nine banks — Bank ...

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GlobalCapital European securitization league table

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2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
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Bookrunners of Global Structured Finance

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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%