Investment grade pricing disparity surfaces

Pricing disparities between Europe’s investment grade borrowers could grow sharply in 2010, said bankers on Wednesday, as they took in deals from Philips and Telecom Italia, two of the first companies to tap the market this year.

  • 20 Jan 2010

Philips, the Dutch consumer electronics group rated A3/A-, will launch a five year refinancing deal paying a margin of 75bp in the next few days. Telecom Italia (Baa2/BBB/BBB), however, is paying 130bp for a three year refinancing.

“Pricing exploded last year as banks’ own funding situation changed and they ...

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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

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%