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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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 8,649 25 10.94
2 Bank of America Merrill Lynch (BAML) 8,597 25 10.87
3 Lloyds Bank 5,252 18 6.64
4 JP Morgan 5,195 12 6.57
5 Morgan Stanley 5,011 12 6.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 Wells Fargo Securities 80,174.27 201 10.91%
2 Bank of America Merrill Lynch 74,495.43 214 10.14%
3 JPMorgan 67,723.30 201 9.22%
4 Citi 66,850.08 199 9.10%
5 Credit Suisse 54,924.54 146 7.48%