Stemcor takes full increase as other traders look to Asia

Stemcor, the steel trading company has taken advantage of banks’ hunger for paper in the investment grade loan market and increased the size of its dual tranche facility after the deal was heavily oversubscribed.

  • 07 May 2010

It has signed a $562m 364 day revolving credit facility, increased from a launch size of $400m, and a $125.5m two year forward start facility, up from $100m.

"This deal was oversubscribed, as all of the deals from commodities firms seem to be, and the borrower took the full ...

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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%