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 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%