Henkel shows that aggressive is now the standard

A Eu700m five year refinancing loan for German consumer goods and cosmetics group Henkel, launched on Friday with a margin of 75bp, has established a tight standard for top-tier European companies, bankers said on Monday.

  • 08 Feb 2010

The deal for the A3/A- borrower follows a five year facility from Philips (A3/A-), which also pays 75bp.

“The Philips deal has set a precedent,” said a loans banker on Henkel’s facility. “Henkel has the same rating as Philips, and is comparably strong in the market, so it is ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%