Michelin turns to bank debt to refinance bond

Michelin secured a Eu480m bridge loan to refinance a maturing bond, the tyre company revealed on Friday. The Baa2/BBB/BBB rated firm will use the facility to repay a Eu470m bond due in April and to meet its other short-term commitments.

  • 16 Feb 2009
Calyon, Royal Bank of Scotland and Société Générale provided the deal, which matures on December 31 this year. Michelin announced the deal with its full-year results on Friday.The company is just one of many looking to refinance maturing bonds in the loan market. Bankers reported a sharp rise ...

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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%