Tata Steel puts up £500m for covenant waivers on Corus loans

Tata Steel UK asked lenders on Monday to waive covenants on over £3bn of debt in return for a £500m one-off equity injection from its Indian parent company as it struggles to meet earnings targets following the acquisition of European steelmaker Corus in 2007.

  • 12 May 2009
Tata Steel is offering to inject up to £500m of new equity into its UK unit, which will use a portion of the cash to pay down £200m of debt and the rest to “shore up the business and provide added liquidity”, according to one loans banker close ...

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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%