Audacious bid by Gas Natural backed by loan

  • 14 Mar 2003
Gas distribution company Gas Natural this week made an unexpected and audacious Eu15.3bn share and cash bid for Spain's second largest electricity utility, Iberdrola. Although the bid is mostly a share offer, the cash portion is funded by a Eu6.3bn acquisition loan. SG, Goldman Sachs and La ...

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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 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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1 Citi 41,255.30 117 12.99%
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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%