Nordic funding alert as Norske draws Eu400m revolver down

Fears about a looming liquidity shortfall in the Nordic region were fuelled this week after Norske Skog, the Norwegian paper group, drew down its entire Eu400m revolver to repay a syndicated loan that it could not refinance in the loan market.

  • 13 Mar 2009
Bankers said that Norske’s problems were exacerbated by its low rating (B2/BB-) and the weakness of its sector. But they added that the move highlighted problems faced by borrowers across the region as foreign banks cut their exposure and bond and commercial paper markets remain dangerously volatile."Norske tried ...

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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 15.66
2 Goldman Sachs 2,150 3 10.73
3 Citi 2,118 5 10.57
4 Societe Generale 1,506 3 7.52
5 Rabobank 1,413 2 7.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Apr 2017
1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%