Bluechips go for jumbo refis as margins fall

Corporate borrowers are becoming increasingly confident in the capacity of the European investment grade loan market, leading to a spate of jumbo refinancings. Anheuser-Busch InBev, Gas Natural and Philip Morris have all launched deals in the market this week as margins continue to shrink.

  • 12 Mar 2010

Although some bankers are frustrated not to see more new money deals, such as the acquisition financing from Merck (see corporate bonds section), most welcomed the increased flow in the market.

"Recently there’s been a real problem in the lack of deals of a decent size, so to ...

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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%