Success for Glencore as FSF is upped and signed

The completion of a successful syndication process has allowed Glencore to increase its loan to $7.465bn from $5.5bn. The Swiss commodities group, Baa2/BBB-, came to the market on April 1 with a $5bn forward start and a $500m one year tranche. The forward start has been increased to $6.65bn and the smaller piece to $815m.

  • 14 May 2009

The forward start, which pays between 225bp and 325bp, extends for one year part of an $8.21bn revolver due in May 2011. The other tranche replaces a $925m revolver that was due on May 15.

Bankers close to the deal said the outcome was better than expected. “Glencore will ...

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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
  • 22 May 2017
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%