U.K. Manufacturer Considers Swap

  • 06 Jan 2003
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GKN Plc, a manufacturer of automotive engines and components, is considering entering an interest rate swap to convert a recent GBP125 million (USD201.50 million) offering into a synthetic floating-rate liability. The company will make a decision shortly, said Derek Butler, head of treasury in Redditch, U.K. But, he declined to detail what will influence its decision. If GKN goes ahead with the plans it would enter a swap in which it receives the 7% fixed coupon on the bond and pays a floating rate.

Butler explained the corporates' treasury committee has not been able to meet to make a formal decision because of the holiday season. The company will choose a counterparty for the swap by tendering an offer among its relationship banks.

  • 06 Jan 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%