Coventry Building Society taps market with £150m revolver

Lloyds TSB Capital Markets and WestLB have launched a £150m five year revolving credit facility for Coventry Building Society

  • 09 Mar 2001
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Before launch, the arrangers were joined by Bayerische Landesbank and RBS as co-arrangers.

The margin on the facility is 16bp and the commitment fee is 7.5bp. Banks are asked to join at levels of £15m and £10m.

The loan will be used for general funding purposes including the refinancing of existing debt. The borrower has undertaken to maintain outstandings at 50% of the uncancelled facility amount.

The building society last tapped the loan market in 1998 when it took a £200m two tranche revolver via Bayerische Landesbank and WestLB. That facility was for seven years and paid 16bp over Libor on the margin. The loan was oversubscribed and increased from £100m.

The borrower is rated single-A by Fitch.

  • 09 Mar 2001

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
  • 17 Jan 2017
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%