Volkswagen gears up for launch of jumbo revolver

A1/A+ rated German car maker Volkswagen is preparing to launch its jumbo Eu15bn revolving credit facility next Thursday, a deal that will severely test the strength of the company’s relationships with its core banks and show the true value of ancillary business in the modern-day European syndicated loan market.

  • 31 May 2002
While launch is not expected for another week, the terms and conditions have been leaked. And just as many bankers feared, the margins and fees are tight and covenants have been deemed unnecessary. Mandated lead arrangers ABN Amro (joint bookrunner), Barclays Capital, BNP Paribas, Citigroup/ SSSB, Deutsche Bank ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%